Tesla is losing its wow factor. Boss Elon Musk has long relied on hyperbolic predictions to pump up the electric-car maker’s image, and its stock price – from how quickly vehicle production would ramp up,
As for current Tesla owners, some who waited years to get off the waitlist and into a car are now considering offloading theirs (or they already have) because of Musk’s government meddling. “I admired Elon’s vision and his mission for helping to save the planet and finally got one after waiting three years,
People don’t fill out a questionnaire every time they sell Tesla stock, so we don’t know exactly what causes its price to go down. The evidence is strong, though, that Tesla shares trade down when the spotlight shines extra brightly on Musk paying attention to other things.
Tesla protests are growing nationwide as anger grows over Elon Musk's ties to Trump and DOGE.