‘A big red MAGA hat’: The rise of ‘co-president’ Musk and fall of Tesla
Elon Musk’s close political ties with President Trump have caused significant backlash among Tesla’s traditional customer base, leading to a sharp decline in sales and stock value. Tesla’s US sales dropped 7% in 2024, with similar declines in other key markets. The CEO’s political endorsements and controversial comments are eroding the brand’s appeal.
Elon Musk’s close political ties with President Trump have caused significant backlash among Tesla’s traditional customer base, leading to a sharp decline in sales and stock value. Tesla’s US sales dropped 7% in 2024, with similar declines in other key markets. The CEO’s political endorsements and controversial comments are eroding the brand’s appeal.
