Tesla's Europe sales plunge 49% on brand damage, rising competition
Publishing timestamp: 2025-05-27 07:11:03
Summary
Tesla's sales in Europe dropped 49% in April, facing reputational damage due to CEO Elon Musk's political activities and incendiary rhetoric. Musk's endorsement of far-right parties and involvement in slashing federal agencies have led to protests at Tesla dealerships. The company is also facing increased competition in Europe, with traditional automakers and Chinese players gaining ground. Investors are questioning Musk's dedication to Tesla as he continues to be involved in government work.
Sentiment: NEGATIVE
Tickers: TSLA,
Keywords: technology, environment, politics, climate, autos, donald trump, electric vehicles, tesla inc, united states, donald j. trump, business news, transportation, elon musk,