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Tesla's Struggles Amidst Controversy
2025-03-13 23:55:11

Tesla's Struggles Amidst Controversy

Image courtesy of : AFP (FREDERIC J. BROWN)

Elon Musk's leadership at Tesla faces significant challenges as protests and political controversies arise. His recent alignment with Donald Trump has drawn criticism, especially as sales plummet globally.

In Germany, Tesla's sales have dropped by 76%, and in France by 45%, leading to heightened investor concerns about Musk's influence on the brand's image. Amidst this turmoil, Trump’s comments labeling protesters as domestic terrorists add to the mounting scrutiny.

Tesla's market share is dwindling, and competitors are thriving, exemplified by Ford and Chevrolet's rising sales figures. Furthermore, Musk's controversial decisions, including mass layoffs and reliance on questionable political allies, have exacerbated the company's troubles.

As Musk seeks to regain footing through discounts and strategic partnerships, the question remains whether this approach will effectively restore Tesla's reputation and market presence.

Related news on that topic:

Trump's Unwavering Support for Tesla Amid Political Challenges

In recent developments, President Donald Trump has demonstrated strong backing for Tesla and its CEO Elon Musk. His endorsement included purchasing a Tesla Model S, showcasing his support for the electric car manufacturer at the White House. This move comes as Tesla faces plummeting stock prices and vandalism incidents. Trump has vowed to prosecute such violence against Tesla as domestic terrorism. Beyond Tesla, Trump's economic agenda is under scrutiny. His interventions in Musk's business operations, particularly in areas like air traffic control and labor diversity, have sparked debate. Despite these challenges, Trump remains steadfast in his economic policies, including renegotiating trade agreements like the USMCA. Simultaneously, political tension mounts as the US House of Representatives votes on a temporary budget to prevent a government shutdown. The vote reflects the broader political landscape, where Republicans push for an interim budget amidst concerns of funding Trump's agenda. As the Senate prepares to vote, the potential impact on federal employees looms large. Trump's relationship with Tesla and his broader economic strategies highlight the intricate balance between supporting American businesses and navigating political pressures.

Trump's Tariff Escalation Ignites Global Trade Tensions

The trade landscape has dramatically shifted with Donald Trump's imposition of 25% tariffs on steel and aluminum imports. This move has triggered a chain reaction, escalating tensions with key global players. The European Union swiftly announced retaliatory tariffs on American goods, aiming to protect its economic interests while demonstrating resilience against perceived economic aggression. Simultaneously, Canada has moved forward with counter-tariffs targeting U.S. exports, signaling a firm stance against the U.S. measures. Other nations like Mexico and Brazil, while initially refraining from immediate retaliation, have expressed concern over the potential long-term impacts on their economies. The tariffs particularly threaten industries reliant on these metals, including automotive and aerospace, by increasing production costs. Trump's aggressive tariff strategy aims to bolster domestic manufacturing by coercing trade concessions. However, it risks inflating costs for U.S. businesses and consumers, potentially leading to broader economic repercussions. The tariffs have also stirred fears of a recession, as market uncertainties grow and global supply chains face disruptions. In a bold response, Trump has threatened additional 200% tariffs on European wines and spirits if the EU does not revoke its levies on American whiskey. This has sparked fears of further destabilizing international trade relations. European spirits producers and other affected industries have voiced significant concerns over the potential economic fallout. The escalating trade tensions underscore the fragile nature of international economic relationships and the potential for prolonged economic strife. As both sides brace for further conflict, the global economy watches closely, wary of the repercussions these tariffs might unleash.

Read 2 more recent news on this topic

The press radar on this topic:

The Street
13. März 2025 um 23:33

Tesla's White House swooning comes at a disappointing time TheStreet Daily Newsletter

Economy
Finance
Politics
Tesla CEO Elon Musk toured EVs with Trump at White House, as Trump denounced boycotts and planned to buy a Tesla. Tesla saw its new U.S. registrations fall 11% in January, while rivals surged 44%. Tesla's Model Y, Model X, and Model S saw significant drops, but Model 3 sales rose 19%. Tesla Cybertruck had 2,807 registrations, higher than 2024 but lower than 2024 average. Tesla's market share fell 12 percentage points to 42.5%, while Ford's Mustang Mach-E and F-150 Lightning led its EV surge. C..
Frankfurter Rundschau
13. März 2025 um 04:58

From President to Car Dealer: Trump Calls Musk Protesters Domestic Terrorists

Politics
US President Trump refers to protesters against Elon Musk's Tesla as domestic terrorists. The electric car company's CEO is experiencing a crisis with declining sales and stock losses of over 50%. Trump is selling his own red Tesla Model S, which he will leave at the White House for his employees. His purchase is a sign of his support for Musk. Talk show host Jimmy Kimmel also makes fun of Trump's new role as a used car dealer. The leadership of the Department of Government Efficiency and mass..
Deutsche Welle
13. März 2025 um 13:58

Is Elon Musk's politics threatening Tesla and his empire?

Politics
Elon Musk's politics threaten Tesla and his empire. Protests against Tesla have erupted across the US due to Musk's role in DOGE, which has canceled $60 billion of contracts that fund humanitarian programs worldwide. With Tesla's sales plummeting by 76% in Germany and 45% in France, Morningstar analyst Seth Goldstein notes that Musk thinks he can say anything without consequences. As a result, investors are questioning Musk's leadership, with 85% believing his politics have had a
Tagesspiegel
13. März 2025 um 15:48

A Day Among Tesla Drivers: "I'm also embarrassed by the car now"

Currently, around 190,000 of Elon Musk's electric cars are registered in Germany. What do their owners say about the political radicalization of the company's CEO?
CW

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