Tesla sales plunging worldwide amid Musk’s new role in Trump White House
Tesla sales plunging worldwide amid Musk’s new role in Trump White House
Stock price is down from December high
Summary
Tesla is facing a steep global sales decline, with drops of 63% in France, 59.5% in Germany, and 11.5% in China.
Analysts attribute this to growing competition, economic concerns, and backlash against Elon Musk’s support for Donald Trump.
Investors worry about potential tariffs from the Trump administration, which Tesla admits could impact its supply chain and profitability.
The company has not released a new model since late 2023, and Tesla stock has fallen from $480 in December to around $350. Some investors call this a "Trump-lash" against Musk and Tesla.
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It can’t be overstated how toxic Musk is to the Tesla brand. He is alienating the people who are most likely to buy an electric car. He may think that the democrats are in the bag and now he is courting republicans, so he can sell electric cars to them too. Well, the sales numbers speak for themselves.
I bought a model 3 in 2019 thinking I was doing a good thing being a relatively early adopter. Now I'm stuck driving this stupid thing. Who the hell is going to buy a used swasticar?
You are excused, as people talk about the Thai cave in 2018 was one of the earlier signs that something was not alright with musk.
My colleagues brought Teslas in 2023 some months after he brought twitter. And voiced my concerns: Do you know he is weird and is known for disabling cars of people who disagree with him on twitter.
Same here, but I figured he’s the biggest loser for driving Twitter into the ground. I thought even he would be stung losing $40B.
Now, to my great regret, I love my swasticar 🙁
Nazis!
But I thought they only used Uhauls...
I'm not a bumper sticker guy, but I'd plaster a billboard on my Tesla with that information if I were in your position. Can't have people getting the wrong impression.