Tesla faces sales decline and political backlash

theage.com.au

Elon Musk's support for Donald Trump has led to backlash against Tesla, including protests and vandalism. Despite Trump's recent endorsement, Tesla's sales continue to decline, with a 1% drop in annual sales reported last year. Tesla's market value peaked at $1.5 trillion in December, but Musk's political ties have sparked controversy. The company has faced increased protests, both in the U.S. and abroad, as some owners seek to distance themselves from Musk. Sales issues predate Musk's political actions. Tesla has abandoned its goal of producing 20 million cars annually by 2030, indicating ongoing challenges for the electric vehicle maker.


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