For years, Elon Musk was considered the most important driving force for the success of Tesla. But then his political actions became a burden for the maker of electric cars. The figures have a difficult one: the deliveries of the vehicles fell by around 13 percent in the past quarter.
In demonstrations, the companions are offended as “Nazi cars”. Vehicles were lit in Tesla delivered centers and smeared with slogans. The controversy and the doubts about the business prospects also influenced the base of Musk: the Tesla Share Course. Above all, it is his participation in the electric car maker who makes him by far the richest person in the world – at least on paper. After the election victory of Donald Trump in November, the course sometimes doubled. The stock was then re -noted at the October level.
Since the report of the magazine “Politico” on Wednesday, according to which Musk his office should soon give up as one of the most important advisers of Trump, the shares has been putting on again.
The weak figures had come forward beforehand. In the first two months, the new Tesla approvals in the European Union fell to a good 19,000 cars in the first two months. In Germany, the new registrations had fallen a year earlier to only 1429 of 6038 vehicles. In March there was a minus of more than eleven percent in China in March. Tesla itself does not offer information about results in individual regions.
Generation change with model Y
It is difficult to determine how strong individual reasons have contributed to the decline. A factor must be the switch to a renewed generation of the Bestseller model Y.
Tesla converted the production lines at the start of the year. For this, production pauted for a few weeks. At the same time, prices of potential potential customers were less to buy a vehicle from the previous Y variant. It can still take two quarters before this effect is digested, Byn Talkington from the required estimates of capital management. At the same time, Tesla built a good 16 percent fewer cars with 362,615 cars from all models in the past quarter than a year earlier.
Political division meets the brand
Last year the technical billionaire became a tight ally of Donald Trump, whom he donated more than $ 250 million (EUR 231.74 million) for the election campaign for the White House. As president, Trump commissioned him to reduce government spending.
Musk caused countless controversy in this role. Critics accuse him of ruthless cuts. For example, he focused on throwing the development agencies in the USAID “in the Houthobbelaar” and speaks constantly discovered billions of billions without providing evidence.
The political views of Musk also scares at least a few potential Tesla buyers. In Germany, the technical billionaire campaign for the AFD before the elections of the Bundestag and mixed for a while in British politics.
He complains about alleged racism against White and claims that the American Democrats smoke foreigners in the country to change elections to their advantage. During an event for the inauguration of Trump, Musk spectators shocked with a Hitler-greet-like gesture. He criticized this as the “dirty tricks” of his opponents.
Musk hopes for robotaxis and robots
Even at Musk and Tesla the industrial analysts then calls the alarm bells. Now is a “moment of truth” for Musk, the expert of the investment company Wedbus recently explained in the US Economic station CNBC. Musk had to balance his cost-lowering role and perhaps the task as Tesla-Baas and perhaps to step down in the White House, Ives introduced him.
In the meantime, Tesla cars are getting more and more competition – especially on the important Chinese market. Musk, on the other hand, keeps that autonomous driving and humanoid robot Tesla would make it by far the most valuable company in the world. However, so far, the company has owed the evidence that reliable driving can build without human intervention.
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.
