The behavior of Tesla -Baas and now presidential consultant Elon Musk hurts the image of the Electric Car brand enormously. Tesla vehicles are repeatedly lit so many owners want to get rid of their car. The American citizens offer a record number of electric cars. A financial expert explains that “a brand has never lost so much value so quickly”.
Tesla vehicles from the 2017 model year made 1.4 percent of all vehicles exchanged by the dealer until 15 March, as on Thursday from Edmunds Statistics. The value was 0.4 percent in March of the previous year. Analysts assume that this share could increase in the second half of the month.
In February, the first full month of the Trump government, Teslas made 1.2 percent of the vehicles that were given for payment. The establishment in March would be the highest monthly share of Tesla that inserts for new or used car purchases, provided that the trend continues.
Tesla fans go to the brand remotely
“Merkloyality is becoming increasingly doubtful because factors such as the increasing public dedication of Elon Musk in the government, concern about the deterioration of Tesla and the increasing market saturation in major metropolitan areas lead to a feeling of a feeling of a distance in some long -term owners,” said Jessica Caldwell, manager at Edmdds. Tesla and Musk spokesperson initially did not respond to questions about a statement.
Financial Expert: “High brand value completely destroyed”
“Tesla had a very high brand value and Elon managed to completely destroy him,” financial expert at Lekander, to “Financial Times”. The managing partner of the hedge fund of 1.5 billion dollars Clean Energy transition further explains: “We can hardly imagine anything similar in the history of the car industry where a brand has lost so much value so quickly.”
Sales figures worldwide under pressure
At Tesla, sales also broke out worldwide. In the United States and other countries there have also been demonstrations and attacks on the car dealers of the E-Car Pioneer. Musk is criticized in the United States, mainly because of his role as a consultant for President Donald Trump, in controversial savings among federal authorities. A gesture of him on Trump’s inauguration, which some observers reminded of a Hitler -greeting, also caused a sensation worldwide. Due to the proximity of Musks to Trump, Tesla is also the retaliation goal against the United States because of the criminal rates introduced by the president against various states, including Canada.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
