Tesla faces declining deliveries and intensified protests nationwide

Tesla is facing significant challenges as its stock value drops quickly. Analysts from JPMorgan recently predicted that Tesla will announce its lowest delivery numbers since late 2022. They expect an 8% decline compared to earlier this year. This situation is linked to Elon Musk’s involvement with the government and his controversial role working with Donald Trump. Ryan Brinkman, the lead analyst, highlighted that Tesla appears to be the most affected among U.S. car companies by changing regulations. These changes include potential reductions in tax credits for electric vehicles under Trump’s administration. Protests against Tesla have gained momentum, with protesters expressing frustration over Musk and the government's direction. Many Tesla dealerships have seen ongoing demonstrations, and police have reported incidents of vandalism related to these protests, called "Tesla Takedowns." Public opinion on Musk has shifted negatively, with a recent CNN poll showing 53% of people view him unfavorably. In an effort to support Musk and the company, Trump was seen promoting Tesla vehicles during a recent photo opportunity. He criticized those who are boycotting Tesla and claimed it was illegal to do so. Trump expressed his admiration for Musk and announced plans to buy a Tesla as a show of support. This forecast decline in Tesla deliveries follows earlier cuts in projections by other firms, including Goldman Sachs and UBS. The situation appears to be challenging, not only for Tesla but also for Musk’s broader reputation.