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Tesla's stock fell by as much as 6% amid concerns over President Trump's impending 25% tariffs on foreign autos, with CEO Elon Musk acknowledging the significant impact on the company. Analysts predict lower EV deliveries for the March quarter, with estimates ranging from 353,418 to 390,342 vehicles, as waning sentiment towards Musk and competition from Chinese EV makers like BYD weigh on sales. Additionally, protests against Musk and the anticipation of new models are contributing to short-term sales challenges.
Elon Musk has acknowledged that his role in the Trump Administration's Department of Government Efficiency (DOGE) is negatively impacting Tesla's stock price, which has dropped 48% since December. Protests against his government activities have emerged, coinciding with a 45% decline in Tesla sales in Europe and record trade-ins of older models. Analysts suggest that Musk needs to balance his commitments to both Tesla and DOGE to restore investor confidence.
Tesla is poised to report a decline in first-quarter deliveries, with estimates between 355,000 and 360,000, reflecting a 7% drop from last year. This downturn is attributed to consumer backlash against CEO Elon Musk, ongoing protests, and anticipation for updates to the Model Y. Additionally, new tariffs on foreign-made vehicles threaten to disrupt the auto industry, with Musk acknowledging the significant impact on Tesla.
Goldman Sachs anticipates that President Trump's impending tariffs will significantly increase inflation and unemployment while stunting economic growth, raising recession risks to 35%. The firm projects inflation to reach 3.5% by 2025 and expects the Federal Reserve to implement three rate cuts this year. With a potential tariff increase of 15 percentage points, the economic outlook suggests a return to stagflation reminiscent of the late 1970s and early '80s.
Protests against Elon Musk erupted at Tesla dealerships across the U.S. and Europe, fueled by opposition to his role in the Department of Government Efficiency (DOGE) and recent vandalism incidents targeting Tesla vehicles. Demonstrators, including disillusioned owners and public figures, aimed to raise awareness of perceived threats posed by Musk's influence and policies. While some protests remained peaceful, acts of vandalism have raised concerns, prompting investigations into potential links to the protests.
Protesters gathered outside a Tesla dealership in London, criticizing Elon Musk's actions and drawing comparisons to historical figures. Organized by disillusioned Tesla owners and public figures, the protests aimed to raise awareness of perceived issues, while some incidents of vandalism have been labeled as domestic terrorism. Despite these challenges, Musk remains optimistic about Tesla's future sales and growth.
Matthew Hiller, who creates anti-Musk bumper stickers, has seen his business, MadPufferStickers, soar to $100,000 in monthly sales, driven by Tesla owners wanting to distance themselves from Elon Musk's controversial actions. Following Musk's political endorsements, daily sales jumped from 300 to 500. Meanwhile, Tesla shareholders are divided on Musk's leadership, with some calling for a new CEO as the company's stock has dropped 24% this year.
Tesla's stock surged 12% after CEO Elon Musk held an all-hands meeting, reassuring employees and investors about the company's future. Despite a year-to-date decline of over 30%, analysts noted a positive shift in sentiment as Musk refocused on Tesla amid challenges from competitors and political controversies.
Betting against Elon Musk and Tesla carries significant risks, as Musk's track record shows resilience despite challenges. While Tesla's stock is currently down 34% this year, it has risen 45% over the past year and over 1,000% since 2018, indicating potential for recovery as Musk refocuses on the company amid distractions. Analysts remain optimistic about Tesla's future with advancements in production and new vehicle launches on the horizon.
Protests against Tesla, fueled by dissatisfaction with Elon Musk's political actions, aim to significantly impact his wealth and the company's stock. Organizers, including Edward Niedermeyer, seek to "bankrupt" Musk, while car sales have plummeted, particularly in Europe, prompting calls for Musk to step down as CEO. Activists emphasize the peaceful nature of their protests, despite some associated vandalism, and express concerns over Musk's influence and potential repercussions for dissenters.
Dan Ives
People
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