US EditionHow politics are affecting Musk's Tesla brand
- Tesla's sales in Germany dropped by 76% in February, with a 72% decline in Australia, due to political controversies surrounding CEO Elon Musk, as reported by various industry reports.
- JPMorgan analysts stated that Tesla's market cap decreased by nearly 49%, highlighting a historic drop in value for the automotive brand due to concerns over Musk's political affiliations.
- Despite these setbacks, analysts from Morgan Stanley believe Tesla remains the most valuable car company globally, citing potential future opportunities like the robotaxi expected in Austin this summer.
- President Trump defended Tesla amidst its challenges, while analysts warned that Musk's political stance may negatively impact Tesla's brand sentiment and sales.
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Business Insider+2 Reposted by 2 other sources
Tesla's latest decline could be one for the history books, JPMorgan analysts say
Tesla recently lost nearly 50% of its $1.5 trillion market. JPMorgan analysts don't know another car company that lost so much value so quickly.
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Total News Sources30
Leaning Left10Leaning Right0Center4Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
71% Left
L 71%
C 29%
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