Tesla shares nosedive as Musk-Trump ties stir controversy
New analysis shows Tesla shares have plunged by almost 40 per cent over the past six weeks, racking up losses every week since CEO Elon Musk made his high profile move to Washington in support of President Donald Trump. Experts say Tesla has been hit by a fall in brand sentiment, led by consumers exercising caution over Musk's decision to switch gears from entrepreneur to partisan political player. Trent Murray has more on the story from Berlin.
New analysis shows Tesla shares have plunged by almost 40 per cent over the past six weeks, racking up losses every week since CEO Elon Musk made his high profile move to Washington in support of President Donald Trump. Experts say Tesla has been hit by a fall in brand sentiment, led by consumers exercising caution over Musk's decision to switch gears from entrepreneur to partisan political player. Trent Murray has more on the story from Berlin.
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