Tesla stock dropping
Tesla is crashing hard. Elon Musk has no one to blame but himself. His decision to dive deep into right-wing politics is costing him. The company was already struggling. Now, his support for Trump and extreme positionsare pushing customers away. It is no longer the golden brand it once was. Investors are watching in horror.
Since Trump’s inauguration, Tesla’s stock has fallen 37%. That’s a $550 billion wipeout. Musk himself has lost over $100 billion. And it’s getting worse by the day.
Musk was once adored by the left. Tesla buyers were environmentalists and tech lovers. They saw Musk as a visionary. Now? They want nothing to do with him.
Model 3 owner John Parnell says he can’t even drive his car anymore. He canceled his Cybertruck order. Parnell doesn’t care about the deposit. He just wants out.
In Germany, sales are down 60%. In France, another 26% drop. Bumper stickers mock Musk. Boycotts are growing. Tesla showrooms are empty. The once-loyal fanbase has turned on him.
The electric vehicle market is changing. Tesla was ahead of the curve. Now? Not so much. Chinese and European automakers are catching up. They offer better cars at lower prices. Buyers are leaving Tesla behind.
Industry experts say Musk is making things worse. “Musk thinks he can say whatever he wants,” said Morningstar analyst Seth Goldstein. “He doesn’t realize the brand will suffer.”
Musk isn’t just angering Americans. He is making enemies everywhere. Musk supported a far-right German party. He insulted Canada. He called the British Prime Minister a tyrant. The backlash is massive.
In Milan, protesters hung an effigy of Musk. And In London, ads called Tesla cars “swasticars”. In Poland, government officials called for a boycott. It has become a brand people want to avoid.
Musk isn’t backing down. He poured $270 million into Trump’s campaign. He keeps pushing extreme views. They is losing customers. Investors are panicking.
Ross Gerber, a longtime Tesla investor, says Musk is tanking his own company. “People want to feel good about what they buy,” Gerber said. “You don’t want politics in business.”
Tesla’s downward spiral is speeding up. Musk thought he was untouchable. Now, he’s watching everything fall apart.
Justin Trudeau is finally leaving. His leadership damaged Canada. Now a banker will replace Trudeau.…
Syria is bleeding again. Violence has returned. Assad-loyalists kill 1,000 people in just four days.…
I am a Ukrainian living in the United States. I watch my country suffer. Russia…
Canada is about to change. Mark Carney will be Next Prime Minister of Canada. People…
The US economy is in serious trouble. The warning signs are everywhere. Businesses are slowing…
As a retired cop from Mississippi, I have seen many tragic cases. But this one?…