US EditionAmid Elon Musk controversies, ‘anti-Tesla’ movement echoes in Lithuania
- Tesla's market capitalization has suffered an $800 billion drop after reaching $1.5 trillion in December 2024, according to Nasdaq data.
- This decline appears to be connected to a reputation collapse rather than a tech failure, with public opinion of Elon Musk turning negative, as 53% of Americans now view him unfavorably according to a CNN poll in March.
- Contributing to Tesla's woes are significant sales declines, including a 76% drop in Germany and a 49% drop in China, alongside a 40% plunge in sales across Europe during February 2025 and an 11% decline in the US during January, while sales of battery-powered vehicles overall jumped by more than 26.1 per cent.
- Some individuals express strong opinions against Tesla and EVs in general, with quotes like "Only mentally disabled would buy any EV no matter what" and "Even if Elon wasn't such an obnoxious character, I still wouldn't buy one" reflecting a growing sentiment.
- Despite the challenges, some believe Tesla's deep tech and capital reserves will allow it to recover, even as a Delaware judge struck down Musk's multibillion-dollar pay package due to a flawed process and concerns arise about Musk's controversial political engagements and their impact on the Tesla brand.
10 Articles
10 Articles
Who is hiding behind "Tesla Takedown", this movement that organizes a global day of action against Elon Musk on Saturday?
The US billionaire opposition movement, born in the United States in February, plans to organize more than 500 demonstrations around the world this Saturday, March 29th. It presents itself as a "popular movement" without a real leader.
If you had the money, would you buy a Tesla?
Tesla is currently facing some serious challenges. Elon Musk, the man behind the brand, has been under fire recently for his lack of focus on Tesla due to his other projects and political engagements, and investors are getting frustrated. Musk’s controversial opinions, including his support of far-right movements in Europe, have also made it harder for customers to separate the product from the… Source
Amid Elon Musk controversies, ‘anti-Tesla’ movement echoes in Lithuania
Elon Musk’s provocative statements and role in the Donald Trump administration have not gone without consequences for his companies. The “anti-Tesla” sentiment has reached Lithuania, too, with dealers saying some buyers cancel their orders out of moral considerations.
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- 50% of the sources lean Left, 50% of the sources are Center
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