Is a Backlash to Elon Musk’s Politics Hurting Tesla? | Global News Avenue

Elon Musk may be a drag on Tesla (TSLA) Business – at home and abroad.

Tesla car registrations reportedly plummeted 76% in Germany last month, suggesting consumers oppose electric car manufacturers in protest against CEO Musk’s political efforts. Chrystia Freeland, former Canadian Finance Minister, is running for outgoing Prime Minister Justin Trudeau 25% tariff on Canadian goods.

In the United States, Musk’s close ties with President Trump’s administration have alienated some environmentally friendly Tesla owners and potential buyers. Some Teslas were damaged after Trump was re-election.

Investors and analysts question the extent to which Musk may hurt the Tesla brand. Some people are more concerned about his focus on government affairs, which may be spent on Tesla’s time. Still, recent polls and market data indicate the possibility of a rebound.

Goldman Sachs analysts lowered their forecast for first-quarter sales in a note Wednesday, citing the introduction of a new Y-shaped Y-shaped Y-shaped and weaker demand. Analysts say the survey by data provider versive shows that consumers’ trust in the Tesla brand and intention to buy Tesla cars have “meaningfully declined” since the summer.

Musk was a voice supporter of Germany’s far-right alternative during the country’s federal election last month and appeared at an AFD rally in January. More than 70% of German respondents expressed negative views on Musk in a January Yougov poll, about the same number, and his efforts to exert political influence are unacceptable.

Tesla’s downturn in Germany may reflect strong international opposition to Musk. EU registrations fell 50% in January, while total battery-electric vehicle registrations increased by 34%. In February, Chinese cargo also fell by nearly 50%.

For US sellers, the second-hand Tesla market is becoming increasingly difficult. According to Cargurus, the average Tesla price has fallen by 4% over the past 90 days, more than double the average of all cars.

Tesla stocks are growing on Wednesday. Some competitors’ shares soar, hoping the Trump administration will Reduce tariff burden About automakers. Tesla shares have fallen nearly 36% since Donald Trump’s inauguration, eliminating almost all stocks Rising after elections.