Overview
- 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.