Musk risks putting EU buyers off Tesla: analysts
1 month, 1 week ago

Musk risks putting EU buyers off Tesla: analysts

Raw Story  

Elon Musk's rapprochement with U.S. President Donald Trump, his backing of European far-right parties and attacks on diversity policies could drive European buyers away from Tesla, analysts say. "Germany remains very sensitive to its history and Musk's political rhetoric is potentially toxic, given that Tesla consumers are partly motivated by environmental concerns," said German automotive analyst Matthias Schmidt. But the Frankfurt-based banking executive said he would think "very carefully before buying it because of Musk's behaviour", and that he was considering selling his Tesla shares. Men aged between 35 and 49 years old, which Englund said could be considered as Tesla's main target group, remain "relatively positive" toward the brand.

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