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Texas Standard for March 13, 2025: What are current struggles signaling for Texas-based Tesla?

  • Tesla CEO Elon Musk's political activities have triggered a backlash, contributing to a 76% drop in Tesla registrations in Germany, amid mounting criticism over his support for far-right parties in Europe and ties to US President Donald Trump.
  • A Morgan Stanley poll revealed 85% of investors believe Musk's political involvement has harmed Tesla's business.
  • Sales of Tesla vehicles have slumped significantly in major markets, including a 45% decrease in France and an 11.6% drop in California.
  • Tesla's brand value decreased from $66.2 billion at the start of 2023 to $43 billion by October 2024, reflecting growing skepticism among consumers and investors.
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Numerama broke the news in on Wednesday, March 12, 2025.
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