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How Tesla lost some of its biggest fans

  • Tesla is facing a crisis in 2025 with plunging sales, spreading protests, and investor panic worldwide.
  • The crisis follows Musk's growing political ties and actions, including support for far-right parties and work in the Trump administration.
  • Sales dropped sharply by 76% in Germany, 71% in Australia, and 49% for China-made models globally amid competition and price cuts squeezing profits.
  • Tesla holds $37 billion in cash and its energy storage business earned over $10 billion in 2024, while a Delaware judge denied Musk's $56 billion pay package.
  • The crisis has damaged Tesla’s brand and sales may continue to stagnate, although fresh leadership or political deals could alter the company’s trajectory.
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unionrayo.com broke the news in on Sunday, May 4, 2025.
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