gThe famous brand of Lobabury didn’t want to be associated with the German far-right opposition. But Tesla, one of the world’s largest company names, does not have a traditional CEO.
After Elon Musk supports the alternative, Fool Deutsla Land (AFD), it is called Germany’s “only hope” – voters are considering replacing Tesla. Data released Thursday showed that the German company’s electric vehicle registrations fell 76% last month to 1,429. Overall, electric vehicle registrations increased by 31%.
Tesla’s biggest shareholder, who has expressed support for right-wing leaders around the world, is now a de facto American cabinet member under the Donald Trump administration.
Tesla’s reputation is closely tied to mask politics. After he spent $288 million on Trump’s 2024 election victory, Tesla’s valuation passed $1tn. But Musk’s political involvement is unprecedented for the head of a company of that size — and could also have a negative impact.
On Friday, a group of extinct rebel activists occupied a Tesla store in central Milan. Activists chained themselves to the tires of the car, while others glued them to the window along with slogans, “Let the billionaires pay again” and “Ecology, no ecofascism.”
Analysts openly wonder whether Musk is causing permanent damage to the brand he made synonymous with electric vehicles, and even brings a liberal aspiration to tackle climate change.
Tesla was asked to comment.
Tesla was the world’s largest producer of battery electric vehicles in 2024, but sales fell to 1.79 million. This was the first time since 2011 that it had withstanded a decline in sales since 2011 after years of rapid growth that became the world’s most valuable automaker.
The manufacturer said in January that global sales will increase in 2025, and Wall Street analysts hope Tesla will sell more than 2 million cars this year. But even these predictions represent little fiery return to form. Recently, Musk said in October that it expects sales growth of 20% to 30% per year, meaning that as many as 2.3 million cars are on sale.
“Customer retention will be important as customers…
Other analysts are more optimistic. Dan Ives of Wedbush Securities, a US financial company, is a longtime Tesla supporter. Ives believes…
Nevertheless, there are clear indications in the US…
He states: That’s ironic as vehicles are built for the environmentally-conscious Liberal Party and have become a symbol of conservative movements.
There were positive signs elsewhere too…
The concern for Tesla investors is whether the mask has turned its peak to the edge of a cliff.
Additional Reports Lorenzo Tondo
Source: www.theguardian.com
