Tesla’s share price fell more than 8 per cent as of Tuesday afternoon
Elon Musk can't seem to stay out of the news lately - after bringing his toddler to the Oval Office, performing a perceived 'Nazi Salute' at Trump's inauguration, and featuring in the US President's shocking AI-generated video of Gaza. But as the world's richest man makes yet more headlines, shares in his electric car company, Tesla , have begun to plummet. Tesla ’s share price fell more than 8 per cent as of 6.20pm UK time on Tuesday, February 25.
The Bloomberg report revealed that January 2025 saw the lowest monthly total of new Tesla cars registered in Germany since July 2021. This is thought to be connected to Musk's support of the far-right Alternative for Germany party. France has also seen its smallest Tesla sales since August 2022. An analyst note from Wedbush, which is led by tech expert Daniel Ives, revealed on Monday that Musk's political involvement and relationship with Trump has contributed to Tesla's losses.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla investors want Elon Musk to answer questions about ‘salute,' role in Trump White HouseTesla shareholders are asking questions about CEO Elon Musk and his political distractions ahead of fourth-quarter call.
Read more »
Scottish MSP Sells Tesla in Protest Over Elon Musk's Far-Right TiesAlex Cole-Hamilton, the leader of the Scottish Liberal Democrats, has sold his Tesla in protest against Elon Musk's association with the far right. Cole-Hamilton cited Musk's support for Donald Trump, attacks on the Labour Government, and backing of convicted criminal Tommy Robinson as reasons for his decision.
Read more »
MSP ditches Tesla in protest over Elon Musk's association with 'fascist right'Alex Cole-Hamilton said he will never own another car owned by the businessman.
Read more »
Elon Musk's Support for Trump Sparks Consumer Backlash, Tesla Sales PlummetSales of Tesla vehicles have declined significantly worldwide, attributed by some experts to Elon Musk's support for Donald Trump and far-right groups. Musk's perceived fascist salute at a Trump rally further fueled negative sentiment, particularly in Germany. Tesla's sales figures have dropped sharply in multiple European countries, including the UK, Germany, Spain, France, Sweden, the Netherlands, and Norway. While Musk asserts that cheaper EVs planned for 2025 will boost sales, analysts suggest the decline may be due to reduced EV incentives and increased competition from Chinese brands like BYD.
Read more »
Elon Musk Welcomes 13th Child: A Look at the Tesla Founder's Large FamilyThis article explores the life and family of Elon Musk, the founder of Tesla. It details his numerous children, his views on declining birth rates, and the recent announcement of a 13th child.
Read more »
Protesters target Tesla showrooms over Elon Musk’s cost-cuttingThe billionaire has become a focus of outrage at the Trump administration’s attacks on government agencies
Read more »