Reported about 8 hours ago
Elon Musk's deep involvement in right-wing politics has raised concerns among analysts that it is alienating potential customers, resulting in significant sales declines for Tesla, particularly in Europe where sales dropped by 45% in January. Despite the overall growth in the electric vehicle market, negative backlash against Musk's political views and recent decisions, including his substantial financial support for Donald Trump's campaign, seem to be impacting Tesla's brand and stock negatively. While some loyal customers remain, many former buyers express dissatisfaction, indicating that Musk's political activism could jeopardize Tesla's market position amidst increasing competition.
Source: YAHOO