Elon Musk’s association with President Trump has sparked a wave of criticism among Tesla’s loyal customer base, resulting in a notable decrease in both sales and stock value. In 2024, Tesla witnessed a 7% decline in sales in the US, mirroring similar downturns in crucial international markets. The CEO’s public support of political figures and contentious statements have been detrimental to the brand’s image and attractiveness to consumers.

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Elon Musk’s Trump ties spark Tesla sales decline: backlash impacts stock value in key markets.
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