by Caleigh Wells
It’s only Monday, and already Tesla’s not having a great week. Again.
This isn’t an EV market problem. It’s an Elon Musk problem, said climate economist Gernot Wagner at Columbia Business School.
“What’s happening here, you can probably explain through the politics and the optics,” said Wagner.
Wagner said Tesla stock exploded after the November election because of Elon Musk’s proximity to President Donald Trump.
“That proximity has not turned into Tesla sales, at least not yet, and maybe never,” said Wagner.
So EV drivers are buying other cars.
Quoted in: “What’s behind Tesla’s post-election stock slump?” by Caleigh Wells, Marketplace (10 March 2025).