'Sell your Teslas, dump your stock' — Tesla protests, Musk's tanking popularity hit EV maker at bad time
Published On Feb 18, 2025, 2:30 PM
Elon Musk's controversial political involvement is adversely impacting Tesla's brand image as protests against him escalate. Activists are campaigning for Tesla customers to sell their vehicles and stocks as Tesla's sales decline in important markets such as Germany, France, and Norway, fueled by a shift in public perception. Recent polls indicate a significant drop in Musk's popularity among Electric Vehicle (EV) buyers, with many expressing negative sentiments towards him. The situation could worsen if federal EV tax credits are diminished, increasing competition from other automakers under a more level playing field.
Stock Forecasts
TSLA
Negative
Given the ongoing protests and declining brand perception, Tesla could face further sales declines in key markets. The heightened political climate surrounding Musk may alienate potential buyers, impacting Tesla's sales and stock performance negatively. Analysts indicate caution regarding Tesla's outlook, especially in California and the broader EU.
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