CNN One Thing Tesla in Trouble
Mar 23, 2025
Allison Morrow, a CNN Business Senior Writer, dives into the turmoil surrounding Tesla and its CEO, Elon Musk. She discusses the reasons behind the stock price drop, including declining consumer interest and mounting protests against Musk's political affiliations. Personal stories from Tesla owners reveal a shift in sentiment toward the brand. The conversation also examines Tesla's waning market dominance as competition grows and the financial implications of these challenges. Will Tesla rebound, or is it facing a rough road ahead?
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Moral Challenge with Tesla
- Jennifer Trebb bought a Tesla in 2023 but sold it after Musk's involvement with the Trump administration.
- She felt morally challenged driving it, especially after being called a "Nazi" in a parking lot.
Resale Value Drop
- Pam Perkins, a Democrat, considered selling her Tesla due to embarrassment over Musk's actions.
- However, the resale value plummeted, making it financially unviable.
Shifting Reactions to Cybertruck
- Steven Minnick, a Cybertruck owner, noticed a shift in reactions to his vehicle around election time.
- He received thumbs-ups from truck drivers but middle fingers from other car owners.