Tesla is experiencing significant challenges in Europe, with a notable decline in sales attributed to CEO Elon Musk's controversial political affiliations. Musk's support for figures like Donald Trump and Germany's far-right AfD party has sparked dissatisfaction among Tesla owners, leading to a 45% drop in sales. This decline is especially pronounced in key markets such as Germany and France, where sales have reached their lowest levels in years. In the UK, Tesla has been overtaken by Chinese competitor BYD, marking a significant shift in market dynamics.
The backlash against Musk's political stance is not limited to Europe. In the US, a grassroots movement known as 'Tesla Takedown' is organizing protests outside Tesla showrooms. These demonstrators aim to impact Tesla's sales and stock price by highlighting Musk's contentious political ties. This movement is gaining traction, with notable figures like musician Sheryl Crow and actor Alex Winter joining the cause.
Analysts warn that the coming years will be critical for Tesla, as the company navigates these challenges. Despite the setbacks, Musk remains optimistic about the future, suggesting that 2026 could be a pivotal year for Tesla. However, with the company's market share and stock price under pressure, and Musk's approval ratings declining, Tesla's path forward appears increasingly uncertain.
