More than 85% of respondents in a Morgan Stanley survey believe that Elon Musk’s political activities are negatively impacting Tesla’s business. Many expect Tesla deliveries to decrease this year, with concerns raised about Musk’s involvement in U.S. government efficiency and other political activities. Despite the survey not being a random sample and the respondents not necessarily being Tesla stock owners, the majority of participants feel that Musk’s political profile is hurting the company. Analysts have also expressed concerns about recent reports of vandalism potentially scaring off customers.
Musk’s public support of President Trump and his role leading the Department of Government Efficiency has drawn criticism, with some seeing his team as working too erratically. Musk himself admitted that running his businesses, including Tesla and SpaceX, has been challenging while being involved in Trump’s administration. Despite recent negative trends, 45% of respondents still believe Tesla shares will increase by at least 11% by year-end.
Trump recently showed support for Tesla by evaluating five vehicles at the White House and indicating he would buy one in a show of support. He also mentioned declaring violence at Tesla dealerships as acts of domestic terrorism. Overall, the survey indicates growing frustration with Musk’s political activities and the potential impact on Tesla’s business performance.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
