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Tesla Sales Are Tanking Across The World
Blame the Musk Effect, declining EV subsidies or all of the above. But Tesla's global sales are off to a very bad start for 2025.
In the U.S., the Tesla CEO spent the past week—illegally, according to many lawyers and constitutional scholars— breaching the U.S. Treasury Department's payment systems as part of President Trump's effort to unilaterally defund various government agencies. Though it's hard to gauge empirically, Musk's far-right political turn does seem to be having an effect on Tesla sales—especially among the more affluent, urban progressive-to-centrist buyers traditionally more inclined to buy EVs in many places. Though Tesla's stock surged after the election, attributed to investor faith in Musk's close relationship with Trump being able to help clear hurdles for goals like autonomous car deployment, it has sunk in recent days due to these dismal sales reports.
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