Musk damaged Tesla’s brand in just a few months. Fixing it will likely take longer
- Elon Musk stated Tuesday he will reduce his advisory work next month to focus on Tesla.
- Ongoing political controversy and his actions have damaged Tesla's brand and alienated buyers.
- Incidents included protests, facility vandalism, and Tesla's largest sales decline ever last quarter.
- The automaker announced a 71% drop in net income due to tumbling worldwide sales.
- Shares rose slightly, but experts warn brand damage may prove permanent for some buyers.
100 Articles
100 Articles
Elon Musk blamed for poor Tesla sales as activists launch boycott over right-wing ties - 'No product can fix this'
Tesla shares surged nearly eight per cent yesterday after CEO Elon Musk pledged to refocus his attention on the electric automaker, despite backlash against the billionaire for his political actions in recent months.The billionaire promised to reduce his work for US President Donald Trump and the Department of Government Efficiency (DOGE) to just one or two days per week from next month.Despite the positive market reaction, concerns persist that…
Elon Musk and Tesla go hand in hand. Inseparable for good and bad, today they resemble a toxic relationship. Their role in the Trump administration or support for the European ultra-right weigh for many when buying. The boycotts and the loss of attractiveness of the brand, with an aging range, do the rest in the accounts. The alarm has already jumped: Musk will again prioritize the company, giving them more days, what investors have celebrated w…
Is Elon Musk making EV buyers shun Tesla? - NZ Autocar
Tesla electric cars are popular but Elon Musk and his role in the Trump administration polarises opinion. Global Tesla sales fell in the first quarter of this year. While revenue was down by just under 10 per cent, profits slumped by 71 per cent compared with Q1 2024. What was once the golden share of the US stock market has lost some of its glitter. The share price has slipped by around 40 per cent since the start of this year.Sales of Teslas a…
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