ELON Musk has 151 billion dollars – half of his wealth, where the price of Tesla’s share collapses while his fully interested in his friend, President Donald Trump and the Ministry of Government efficiency (DOGE).
The decrease, which reduced 400 billion dollar wealth by 400 billion, comes by 45 %, while the company struggles with decrease in sales, the volatile customer base, and a violent reaction in each market there.
Now, Tesla has decreased months ago, but the last crash has increased fears. The company reported that vehicle sales have decreased all over the world in the latest report of its profits, as deliveries decreased by 1 % last year – in the first decrease in more than a decade – although the EV market is growing by 25 %.
In America, Tesla sales decreased by 7 % in 2023 and continued to decrease 2 % in early 2024, according to Wards Intelligence. In Germany, Tesla records collapsed by 76.3 % in February. France witnessed a 26 % decrease. In China, Tesla delivery operations decreased by 49 % from last year to 30,688 cars in February, according to Tesla data.
Tesla’s shares rose after Trump won the 2024 elections, supported by expectations that Elon’s effect would lead to business friendly policies. Investors are also betting on Tesla projects in artificial intelligence and robots, including the launch of 2026 of its first self -driving car. But Tesla shares have since decreased by 35 %, which led to the elimination of most of these gains.
Tesla lovers also give up the brand. Bob Ecker, a Tesla fans for a long time, said that he began to doubt his decision to possess the Y form after Elon agreed with Trump. “With the passage of days and weeks, we realized that it is not something we can support, even if we lose money,” he said. He sold the car in February, lost $ 3,000 in this process, but replacing it with Ford Mustang Mach-E. Ford offered him 0 % financing and a $ 1,000 cash reward to switch from Tesla.
For some, Elon’s policy was the last straw. “He canceled his reservations about electronic transport companies in January.” “Once he started doing all these things that Trump wanted to do, I didn’t want to be part of it,” he said. “I actually own some Tesla shares, and I am thinking about selling it too.”
Customers move away from Tesla
Elon has become a responsibility, and the shareholders are not happy with him. His political approvals and controversial personal life pays buyers away. The terrible, right -wing Germany right -wing party literally supported, and then did what many in the world saw as a Nazi greeting.
As if they were not bad enough, he was subjected to the presence of another child Mama, who was not already married, but also leaked their own messages that did not paint Elon in the most respectable lights.
The last straw of Tesla’s shareholders was although his ex -girlfriend and mother of his three children were publicly appealed to him on X to continue with her sick child. Illon ignored her, which only harmed his reputation.
You cannot demand belonging to the Conservative Party, which indicates the values of the family on anything, and then stops it from all of your child and your children. Now most of Tesla’s shareholders see that Elon is nothing but a loser.
Once again in 2022, 22 % of the car buyers said they would think about Tesla. By mid -2013, this decreased to 7 %, according to the strategic vision, his boss, Alexander Edwards, said, “At this stage, we do not see any signs of recovery.”
Some customers say it is no longer only about cars. Garth Ancier, TV executive from Los Angeles, summoned a conversation with Tesla owners of others on how Tesla is driving as if he was “leading a large red Maja hat.” It was more than a year ago. Now, he is trying to sell X. It is said Wsj said.
The protests began to appear in the Tesla showrooms in the United States and Europe after Illon called for a mass fire from federal workers and supported a right -wing German party. The Shamhan stations were sabotaged in Tesla, with the appearance of the sractured cross with a spray in multiple locations.
Elon continues to alienate Tesla customer base
Tesla has always had a strong customer base, but political tensions shift the brand’s attractiveness. Republicans are now more likely to buy Tesla from Democrats, and they turned the company’s long -term demographic trend.
The scanning data from Morning Consult shows that 23 % of Democrats were interested in buying Tesla in August 2023, but from February 2024, this number decreased to 13 %. At a time when the Republican interest jumped from 15 % to 26 % in the same period, according to the survey.
Meanwhile, 63 % of those surveyed in December 2023 said they would not think about Tesla, an increase of 10 percentage points earlier in the year.
The poll data also shows that sales collapsed in New York, Los Angeles, San Francisco and Dallas-City for early success in Tesla-but they increased in Las Vegas, Salt Lake City and Miami Fort. Lauderdale.
Even inside Tesla, employees are interrogated Elyon. Jared Omanman, a supply chain engineer, said in the LinkedIn publication that he raised concerns about Elon’s political trend “several times” with managers, human resources, legal compliance and investor relations. “Silence from Tesla deaf the ears,” he wrote. Soon after, he was shot.
Others speak too. Thomas Timi, chief software engineer in Germany, said that the political transformation of Elon undermines Tesla’s mission. He told WSJ: “Elon now supports political actors who are not only concerned with the mission, but they preferred to properly deny climate change and have a history of fighting everything represented by Tesla.”
The Tesla Factory in Berlin becomes zero
Tensions escalated more when Elon was arrested on the video during this Nazi greeting that I was telling you only. He did not comment directly on the accident, but the critics refused, saying, “The attack of” everyone Hitler is “very tired.”
Activists soon recorded a picture of Elon, who made the gesture on the Tesla factory in Berlin, with the word “Hill” next to him. Meanwhile, Tesla Malika in the United States began finding leaflets on their cars urging them to sell. Police in Arka, California, reported at least four drivers in Tesla receiving threat messages on the windshield.
According to what was reported, employees within the engineering office Palo Alto feel anxious about the effect of Elon’s behavior on employment and employment, according to WSJ. Angel Patel, an engineer in Tesla for more than four years, left the company in December 2023. He read his e -mail that was resigned: “The leadership of Elon and the political procedures is the biggest reasons that Tesla will leave.”
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