#196 Tesla Tanks

No, Tesla has not announced plans to produce tanks, it’s Tesla sales that are tanking! The recent backlash against Elon Musk, Tesla’s CEO’s entanglement in U.S. politics is a stark reminder of how reputational risks can travel at the speed of light. The significant decline in Tesla’s global sales, particularly in Europe, can serve as a case study in the potential repercussions of such entanglements.

In Germany, Tesla experienced a dramatic 76% drop in sales in February 2025 compared to the same month in the previous year. This decline is especially notable given the overall 30.8% increase in electric vehicle (EV) sales in the country during that period. The downturn has been largely attributed to CEO Elon Musk’s public support for Germany’s far-right Alternative for Germany (AfD) party, which has alienated a significant portion of the German consumer base. And the negative trends don’t stop at Germany’s borders. Across 25 European countries, including the UK, Norway, and Switzerland, Tesla’s sales fell by 44% in February 2025 compared to the previous year. In Australia, the company saw a 71% reduction in sales, while in China, sales plummeted by nearly 50% in February 2025. In addition, existing owners of Tesla vehicles increasingly express embarrassment and even fear of criticism and vandalism. Consequently, in the U.S., Tesla trade-ins have reached record levels. According to data from Edmunds, Tesla vehicles from model year 2017 or newer accounted for 1.4% of all vehicles traded in until mid-March 2025, up from 0.4% the previous year. In Germany, fleet managers are reconsidering the inclusion of Tesla vehicles in their company fleets. A recent survey by Deutsche Automobil Treuhand (DAT) revealed that 35% of fleet managers are re-evaluating their decisions regarding Tesla cars due to Musk’s political activities. Additionally, 8% reported that employees with company cars have expressed a desire to return their Teslas. What was once a cool, technologically advanced car for drivers who shared common values, has become a liability due to its CEO’s ties with a political ideology. Elon Musk’s sin is arrogance – the kind that assumes that a great product will overcome bad press, that global consumers won’t care what happens in Washington, and that loyalty is built solely on innovation.

In today’s hyperconnected world, brands are judged not just by what they sell, but by what they signal. And when your CEO becomes the message, the market might just walk away.

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