The Musk ‘Brand’ seems to be souring business….
(People have been damaging Tesla Car Dealershops and Vehicles also….
The data from Edmunds published on Thursday said that March represented “the highest ever share” it had seen for Tesla trade-ins toward new or used cars from dealerships selling other brands.
Since heading to Washington, D.C., in January as a central figure in the second Trump administration, Musk, who is CEO of Tesla, has been slashing the federal workforce and government spending, and has gained access to sensitive government computer systems and data, though his efforts have been repeatedly challenged in court.
Before assuming leadership of the so-called Department of Government Efficiency, or DOGE, Musk spent around $290 million last year to help propel President Donald Trump back to the White House.
While investors snapped up Tesla shares after Trump’s victory in November, they’ve been rushing for the exits of late, pushing the stock’s price down by 42% this year. Waves of protests have targeted Tesla facilities in the U.S. and beyond. Other criminal acts of vandalism and arson have targeted Tesla stores, vehicles and charging stations across the U.S.
In addition, Tesla is facing increased competition from EV makers. In January, S&P Global Mobility found Tesla sales declined about 11% year over year in the U.S., while Ford, Chevrolet and Volkswagen bolstered their sales of EVs, picking up market share….
What’s so amusing about this is that Trump and a large number of Republicans were belittling electric cars until Musk became their benefactor.
Then Trump essentially did an advertisement for the car .
I condemn these criminals who have attacked the charging stations.They are from the same ilk of trash as the Jan. 6 hoodlums Trump pardoned.
As for the new Republican adoration of Tesla?
Not surprising…they believe in nothing except what strikes their fancy on any given day or whatever their master,Trump, orders them to.
Well?
Like Trump’s Food, University, Trump Org., Trump Mortgage Co., Trump Vodka, Trump Hotels, and SIX bankruptcies?
A Donald Trump endorsement tends to lead to the garbage can….
This is the guy trying HARD to shitcan the Nation’s government and economy…..
WAIT…..