Tesla's Sales Slump

Tesla's sales have been declining globally, with a 6% decrease in US sales and over 75% decrease in European sales. The company's valuation has also dropped below $1 trillion, with Musk losing over $100 billion from his paper fortune.

The decline in sales has been attributed to various factors, including inventory issues, customers waiting for the refreshed Model Y, and increased competition from other automakers. However, some analysts believe that Musk's antics and the resulting backlash against the brand may also be contributing to the decline.

TeslaTakedown Movement

A movement called TeslaTakedown has emerged, with protesters gathering in front of Tesla showrooms across the US. The movement aims to devalue the Tesla brand and is fueled by discontent with Musk's political activism and decisions.

The movement has gained traction, with many people sharing their reasons for ditching their Teslas on social media. Some have cited Musk's support for Donald Trump and his amplification of conspiracy theories as reasons for their decision.

Impact on Tesla's Share Price

Tesla's share price has been affected by the backlash, with the stock trading at a significant multiple of its earnings. Analysts believe that the company's valuation is disconnected from its fundamentals and that the share price is at risk of further decline.

The TeslaTakedown movement has the potential to accelerate the decline in Tesla's share price, with protesters aiming to devalue the brand and reduce sales. If successful, the movement could lead to a significant loss in value for Musk and other Tesla shareholders.