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Tesla's vehicle registrations in the EU plummeted 49% in January and February 2025, amid backlash against CEO Elon Musk's political activities and increasing competition from Chinese electric vehicle brands. The company's market share fell to 9.6%, its lowest in five years, as it phases out the Model Y for a refreshed version. Investor concerns grow over Musk's impact on brand value, with calls for his removal from the CEO position.
Tesla charging stations in Massachusetts were set ablaze amid growing backlash against Elon Musk, linked to his political ties and actions. Seven stations were damaged in what police deemed an intentional fire, coinciding with a significant drop in Tesla's sales in Europe and a 37% decline in stock value since Trump's inauguration. Demonstrations have escalated, with vandalism reported and political tensions rising as Musk's activism increasingly impacts consumer sentiment.
Elon Musk's foray into right-wing politics is reportedly alienating potential Tesla customers, leading to a significant drop in sales, particularly in Europe and California. Analysts warn that his political activism could harm the brand, as protests and boycotts emerge against the company, coinciding with a steep decline in Tesla's stock value. Despite some loyal customers remaining, the backlash suggests a growing divide between Musk's political stance and the values of traditional Tesla buyers.
Felipe Muñoz
People
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Tesla sales decline sharply amid political backlash and rising competition
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08:05 25.03.2025
tesla charging stations set ablaze amid backlash against elon musk
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musk's political stance threatens tesla's sales and brand reputation
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13:45 03.03.2025
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