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Musk’s politics see Tesla sales collapse in Europe
Arstechnica
·
3m ago
Medial
Tesla is experiencing a significant sales decline in Europe, with drops over 50% in countries like the UK, France, and the Netherlands. Sales fell by 62% in the UK and 46% in Germany despite rising overall BEV sales. Contributing factors include an outdated product lineup, competition from Chinese and European brands, and CEO Elon Musk's controversial political stance. Meanwhile, Tesla’s production capacity remains underutilized, with only Italy and Norway seeing sales growth.
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Elon Musk’s introduction to politics | TechCrunch
TechCrunch
·
2m ago
Medial
Elon Musk has become heavily involved in politics, aligning with Republicans to address government waste. However, he is frustrated with a new Congressional bill that impacts Tesla adversely, describing it as a "disgusting abomination." The bill proposes ending the EV tax credit in 2026 and restricts solar tax credits, threatening Tesla's energy and automotive divisions. Musk's alignment with politics hasn't shielded Tesla from policies affecting clean energy and electric vehicles.
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Protests, broken windows, even arson: Tesla’s massive Elon problem
Arstechnica
·
5m ago
Medial
Elon Musk's involvement in politics, particularly with US President Donald Trump, has tarnished Tesla's reputation, leading to protests and vandalism against the company. Once the leader in electric vehicles, Tesla now faces fierce competition from established automakers and Chinese startups. Declining sales in Europe and China further strain the company. Demonstrators across the US express anger at Musk's political influence, resulting in vandalism and arson targeting Tesla properties.
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Tesla continues to circle the drain
The Verge
·
2m ago
Medial
Tesla is facing a brand crisis in Europe, with sales dropping nearly 50% year-over-year in April, despite a rise in overall electric vehicle sales. This decline coincides with recent political controversies involving Elon Musk, who has supported far-right politics in Germany and been involved with the Trump administration. Competition from domestic and Chinese manufacturers is also intensifying. Musk's focus on other ventures, like AI and robotics, exacerbates Tesla’s challenges, leading to a weakened brand image.
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Teslas turn toxic as sales crash in Europe and the UK
Arstechnica
·
6m ago
Medial
Tesla's sales in Europe and the UK have significantly declined, with sharp drops in France (63%), Germany (59%), and the UK (12%) in January 2025. Despite overall growth in electric vehicle sales across these regions, Tesla's outdated model range and CEO Elon Musk's controversial involvement in European politics are possible factors contributing to the decline. Additionally, Tesla's sales in Sweden, Norway, and the Netherlands also saw substantial decreases, indicating a broader regional challenge.
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The case against Elon Musk’s $46 billion pay deal
Livemint
·
1y ago
Medial
The upcoming annual general meeting at Tesla will see a vote on Elon Musk's controversial $46 billion pay deal. Critics argue that the deal is disproportionate, being nearly 300 times higher than the salary of America's highest-paid CEO. Furthermore, it is more than double Tesla's cumulative free cash flows and represents about 8% of the company's market value. Proponents argue that Musk deserves this compensation for his outstanding performance, and that denying it now would be biased hindsight. However, the focus on this issue highlights the governance problem at Tesla, where Musk dominates the board that is meant to oversee him.
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Tesla board opened search for a CEO to succeed Elon Musk
Economic Times
·
3m ago
Medial
Tesla's board initiated a search for a successor to CEO Elon Musk, prompted by his involvement with the Trump administration and declining sales of Tesla's vehicles, according to a Wall Street Journal report. Musk, facing investor criticism, pledged to focus more on Tesla. However, the status of this succession planning remains unclear. Protests and vandalism related to Musk's politics have impacted Tesla, but it's uncertain if Musk was informed of the board's actions.
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With BYD in fast lane, Tesla's Europe sales in July decline over 50% on-yr
Economic Times
·
3d ago
Medial
Tesla's sales in Europe's key electric vehicle markets are declining, with July sales in Germany and the UK dropping by over 50% compared to last year. The slump continues despite increased production of the redesigned Model Y. China's BYD is capturing market share, quadrupling registrations in both countries. July saw BYD outselling Tesla in Germany for the third time this year. Analysts predict BYD could surpass Tesla globally for 2023, as it gains traction in Europe.
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Elon Musk’s reputation is falling — and it’s taking Tesla with it
The Verge
·
1y ago
Medial
Elon Musk's controversial behavior is likely contributing to the declining sales of Tesla, according to reputation tracking firm Caliber. Data shows that Tesla's consideration score, indicating consumer interest in the brand, has fallen to 31% from its high of 70% in November 2021. Meanwhile, consideration scores for competing EV manufacturers Audi, BMW, and Mercedes have increased slightly. Another study found that 42% of US consumers view Musk unfavorably, with his conduct facing scrutiny and controversies. While Musk's behavior is likely a factor, Tesla also faces challenges such as manufacturing delays and increasing competition from other EV providers.
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Elon Musk’s wealth soars $34 billion as Tesla comes roaring back
Economic Times
·
9m ago
Medial
Elon Musk's net worth surged by $33.5 billion as Tesla's shares had their biggest gain in over a decade. This solidified Musk's position as the world's richest person, with a wealth of $270.3 billion. The boost came after Tesla reported its highest quarterly profit since 2023 and Musk predicted strong vehicle sales growth. Tesla's success is crucial for Musk's wealth, as the company's shares and options make up about three-quarters of his fortune. Musk also made headlines for his support of Donald Trump and his advocacy for autonomous vehicles. He believes that Tesla will become the most valuable company in the world.
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Tesla layoff: Elon Musk's move to cut 10% jobs to hit US, China markets hard
Livemint
·
1y ago
Medial
Tesla is set to lay off 10% of its workforce globally, with the US and China markets expected to be most affected. The cuts will be felt in sales, tech, and engineering departments in both markets, aimed at eliminating role duplication. Tesla CEO Elon Musk stated in an internal memo that the cuts were necessary to ensure lean operations and prepare for future growth. In the US, service centers and sales and tech departments will be impacted, while in China, the sales team will face redundancies. Tesla's Shanghai plant will see only a small number of job losses.
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