Tesla Faces Declining Sales, Political Backlash, and Targeted Vandalism
Elon Musk's political affiliations and controversial statements coincide with a sharp drop in Tesla's European sales and a wave of vandalism against its properties.
- Tesla's European sales have plummeted, with a 45% decline in January and a 76% drop in Germany in February, contrasting with overall growth in the electric vehicle market.
- Incidents of vandalism and arson targeting Tesla properties have been reported in the U.S. and Europe, including the torching of seven charging stations in Massachusetts and a dozen vehicles in France.
- Elon Musk's political endorsements, including support for Germany's far-right Alternative for Germany Party, have drawn criticism and are believed to be impacting Tesla's brand perception and sales.
- Tesla's stock has dropped 33% year-to-date, with analysts citing falling sales, brand sentiment concerns, and uncertainty over new product launches as contributing factors.
- Production at Tesla's Grünheide factory in Germany has been disrupted due to both activist attacks and planned assembly line reconfigurations for the Model Y.