Overview

• Tesla's global sales have dropped significantly, with a 45% decline in Europe and a 71.9% decrease in Australia compared to the previous year.
• CEO Elon Musk's controversial gestures at President Trump's inauguration and endorsements of far-right political parties have alienated many customers, especially in Germany and other European countries.
• Tesla's stock value has fallen by over $1 trillion since its peak, erasing the gains made following Trump's election victory in November 2024.
• In addition to political backlash, Tesla faces increasing competition from rivals like BYD and declining resale values, further impacting consumer confidence.
• Tesla has announced plans for new products, including a robotaxi service and lower-priced models, but these remain unconfirmed and are viewed with skepticism due to repeated delays.