The involvement of Elon Musk with Trump’s administration has significantly followed that Tesla meats at an unprecedented rate of their electric vehicles. According to Edmund, March saw the highest Tesla Trade-Ins, and the owners who choose new or used cars from other brands. This trade growth comes as a musk, which is the executive director of Tesla, has become a part of the federal workforce and government costs (DOGE).
Before assuming the management of the Doge, Musk spent $ 290 million to support President Donald Trump’s re-election. However, investors, initially tore Tesla’s shares after being sold after the Trump’s victory, 42% decline in the price of shares this year.
The fight against Musk and Tesla has been intense, protests that are aimed at Tesla facilities outside the United States and its borders. Vandalism and setting, Tesla stores, vehicles and targeted stations are also reported. In addition, Tesla collides with other electric vehicles (EV) manufacturers, Ford, Chevrolet and Volkswagen, a competition for market share collections.
This was reported by Jessica Caldwell, Head of Edmund’s ideas Nerve. Keldvel notes that as Tesla brand loyalty and other fruits that offer competitive pricing, new technology or just fewer contradictions.
The Tesla brand is inextricably linked to Musk, finds that only 2% of car buyers in the United States have been unfamiliar with him on August 2024. The cost of its brand decreased by 26% or about $ 15 billion, indicating the second annual decline in the brand’s finance.
Edmund’s data shows that shopping for new Tesla models of its platform has dropped its lowest level since October 2022, after early November. While many car buyers traded in their Tesla EVS for more new models, Edmund’s data do not account for those transactions.
