Tesla sales crash as drivers snub Trump supporter Elon Musk
Zettelkasten Automated Post
Tesla sales in Europe plunged 40% in November as customers react to Elon Musk’s support of Donald Trump. The company’s sales in the European Union fell to 18,786 vehicles, down from 31,810 the previous year, with only three brands, including Smart, Fiat and Chrysler, faring worse. Analysts suggest the downturn might be due to several factors including new EU tariffs on Chinese-made vehicles and price cuts that boosted sales last year. While there’s been a general 10% drop in EU electric vehicle sales, Tesla’s sales from January through November dipped 15% from 2023 figures.
Another factor affecting Tesla’s performance could be Musk’s alignment with President-elect Donald Trump. Musk, who has previously voted Democrat, now faces backlash from left-leaning customers over his support for the Republican Party. This backlash prompted German pharmaceutical chain Rossman to halt its Tesla purchases due to an ‘incompatibility’ between Trump’s policies and Tesla’s pro-environmental goals. Analyst Felipe Munoz also raised the issue of Tesla’s aging lineup of vehicles as a possible reason for declining interest.
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