Vandalism concerns may deter potential Tesla buyers

cnbc.com

Reports of vandalism against Tesla vehicles and dealerships, including fires at a Colorado location, may impact potential buyers' decisions, according to an analyst. Concerns about vandalism could deter customers, even those indifferent to CEO Elon Musk's political stance. Musk's rising political profile, particularly his association with former President Trump, contrasts with Tesla's earlier image linked to environmentalism. This shift may have contributed to a 45% drop in Tesla's vehicle registrations in some European markets. Tesla's stock fell 9% on Monday and is down 40% year-to-date. Analysts, including Baird's Ben Kallo, have expressed skepticism about the company's profit estimates for the first quarter, citing production changes and political controversies.


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