Elon Musk Faces Fallout as Tesla Sales and Stock Plummet

Musk's dual role in the Trump administration and Tesla sparks investor concerns and public backlash, threatening the automaker's future.

Tesla's stock has declined over 50% since December, with a 15% drop on Monday, as global sales slump and backlash grows against CEO Elon Musk's political affiliations.
Musk's role as head of the Department of Government Efficiency under President Trump has drawn criticism for mass layoffs and budget cuts, impacting Tesla's brand image and consumer trust.
Protests and vandalism targeting Tesla dealerships have been reported in the U.S., Europe, and Australia, with some owners distancing themselves from the brand due to Musk's political ties.
President Trump publicly endorsed Tesla by purchasing a car during a White House event, raising ethics concerns over the use of his office to promote a private company.
Analysts warn that Musk's focus on government duties over Tesla could lead to long-term damage to the automaker's reputation and market performance.