Today in Focus The Tesla backlash
Apr 1, 2025
Dan Milmo, Global Technology Editor for The Guardian, dives into the rising backlash against Elon Musk and Tesla. He discusses the growing protests and how Musk's controversial actions are tarnishing the brand's image. Sales and stock prices are declining as public perception shifts, particularly among key demographics. Milmo explores the turbulent intersection of Tesla's political landscape and consumer loyalty, while also examining Musk's ambitious plans for the future amidst this daunting climate.
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Tesla Buyer's Remorse
- Mike Schwede, a Tesla owner since 2016, enjoyed the car initially.
- Now he donates 10 cents per kilometer driven to anti-racism and LGBTQ+ groups.
Musk's Impact on Tesla
- Elon Musk's leadership has been crucial for Tesla's success as a major EV manufacturer and brand.
- His influence has also shaped consumer demand for electric vehicles overall.
Initial Impact of Trump's Election
- Musk's political shift and support for Trump initially boosted Tesla's share price.
- Investors anticipated favorable treatment from a Musk-backed administration.