Tesla registrations — and public opinion — are in a free fall
1 min read
Summary
Tesla’s stock has dropped by more than 50% since December 2022, and its sales in California have plummeted by 36%.
New registrations of the car in the US fell 11% in January 2023 versus the year prior.
Tesla’s new Cybertruck deliveries have reportedly been paused due to quality concerns, with parts of the car’s exterior trim “flying off”.
Protesters have demonstrated outside Tesla showrooms across the US due to CEO Elon Musk’s relationship with Donald Trump.
Musk, who donated $360m to Trump’s presidential campaign, has been attempting to strengthen his relationship with the White House as his businesses flounder.
Trump used the White House driveway to promote Tesla Tuesday, reading from a Tesla sales pitch and vowing to purchase a vehicle.