Noah Romsdal Hallundbæk Sørensen
Here are five concrete ways the company has been affected since Musk publicly backed the former president.
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Elon Musk’s open support for Donald Trump has sparked waves of controversy – and Tesla is feeling the impact. From falling stock prices to internal unrest, here are five key ways the company is being affected.
Investors Demand Musk Step Down as CEO
Several investors have voiced concern that Musk’s political statements are damaging the company’s reputation. Some have even gone so far as to demand he resign from his leadership role to protect the brand.
International Protests and Boycotts
The “Tesla Takedown” movement has sparked protests outside Tesla dealerships worldwide. Activists criticize Musk’s political alliances and are calling for a boycott of Tesla.
Stock Price Drops and Trust Declines
Tesla’s stock value has taken a hit amid the controversy. Especially among environmentally conscious consumers, Musk’s support for Trump is seen as a contradiction to the company’s green profile.
Customers Divided Politically
Tesla’s former image as a progressive and forward-thinking brand now clashes with Trump’s political stance. The result is a divided customer base – with some continuing to support Musk, while others turn away.
Internal Unrest and Risk of Talent Loss
Reports indicate growing dissatisfaction among employees – especially in tech communities and international offices. Musk’s political direction has caused internal turbulence that could lead key personnel to leave the company.
