Tesla Faces Declining Sales, Stock Value Amid Backlash Over Musk’s Political Role

Elon Musk’s involvement in Trump’s administration and controversial actions have contributed to Tesla’s stock slump, sales decline, and growing customer dissatisfaction.

Tesla’s stock has dropped for seven consecutive weeks, losing over $800 billion in market value since its December 2024 peak, with shares now trading near pre-election levels.
Sales of Tesla vehicles have declined globally, with significant drops in markets like Germany, France, and China, while resale values for Tesla models have plummeted in the U.S.
Musk’s role in the Trump administration’s Department of Government Efficiency and his polarizing political rhetoric have alienated many Tesla customers, particularly environmentally conscious and Democratic-leaning buyers.
The controversial Cybertruck has faced poor sales, quality issues, and public ridicule, further damaging Tesla’s brand image and market performance.
Protests, vandalism, and organized movements like Tesla Takedown have emerged, urging consumers to sell their Teslas and divest from the company to oppose Musk’s political actions.