From Australia to Norway, weak sales in January and February have hastened the fall in the stock, partially due to Tesla factories getting ready for a revised Model Y SUV and partly due of indignation at Musk's politics. Tesla's Chinese deliveries fell 49% in February.
As a successful businessman, one should be embracing 100% of the market: treat everyone nicely, and everyone will be good in return, Cui Dongshu, Secretary General of the Chinese Passenger Car Association, stated Monday.
Since the election, Musk has spent much of his time accompanying President Donald Trump in Washington, leading the Department of Government Efficiency—which has been entangled in legal conflicts.
He has also supported Germany's far-right Alternative for Germany party and taken part in an internet campaign aimed at persuading British authorities to free far-right agitator Tommy Robinson.
Traditionally Tesla's largest domestic market, strongly blue California, saw 11.6% drop in new car registrations last year according to the California New Car Dealers Association.Political actions by Musk have cost Tesla roughly $15 billion in brand value.
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