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Why A Danish Company Is Telling Elon Musk 'Thanks For The Ride' — And Returning Its Tesla Fleet - Tesla (NASDAQ:TSLA)

  • The Danish construction company Tscherning returned its entire corporate Tesla fleet in 2025 due to CEO Elon Musk's political involvement and views.
  • Tscherning cited Musk's backing of Trump and right-wing parties overseas as reasons for no longer wanting association with Tesla's brand values.
  • This return reflects a broader trend of declining Tesla sales and corporate fleet returns in Europe, where brand damage and political backlash have pressured demand.
  • In January 2025, Tesla vehicle sales in Denmark declined by 48.1% compared to the previous year, while Tesla’s shares have fallen 7.7% so far in 2025 despite having doubled in value over the past twelve months.
  • Tscherning plans to replace Tesla vehicles with European alternatives, signaling a shift in corporate EV procurement influenced by Tesla's CEO's political stance.
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Electrek broke the news in on Thursday, May 15, 2025.
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