Protests and Declining Sales Threaten Tesla's Global Standing
Elon Musk's political alignment with President Trump has led to backlash, protests, and a steep drop in Tesla's market value.
- Tesla is facing global protests, including in the U.S., U.K., and Europe, over Elon Musk's association with President Trump and his controversial policies.
- Tesla's stock has fallen by 36% this year, with sales down significantly in key markets like Germany, France, and China due to political backlash and increased competition.
- The 'Tesla Takedown' movement encourages boycotts of Tesla cars and stock, with some protests becoming violent and resulting in vandalism and arson at Tesla facilities worldwide.
- Musk's role as head of the U.S. Department of Government Efficiency (DOGE), which has enacted sweeping federal workforce cuts, has further fueled public anger and protests.
- Experts warn that Tesla's brand, once synonymous with environmentalism, is losing its appeal among left-leaning consumers, while skepticism of EVs among conservatives limits new market opportunities.