Tesla Loses This Major European Customer After Elon Musk Endorses Trump For President
Portfolio Pulse from Benzinga Neuro
Tesla Inc. (NASDAQ:TSLA) has lost a major European customer, Rossmann, due to CEO Elon Musk's endorsement of Donald Trump. Rossmann, a Germany-based pharmacy chain, decided to stop purchasing Tesla EVs, citing a contradiction between Musk's political support and Tesla's environmental values. This decision, although involving a small number of vehicles, underscores the potential global impact of Musk's political choices on Tesla's business. Tesla's stock was trading 2.77% lower in the after-hours market following the news.
August 07, 2024 | 7:58 am
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Tesla has lost a significant European customer, Rossmann, due to Elon Musk's endorsement of Donald Trump. This decision highlights the potential global repercussions of Musk's political choices on Tesla's business. Tesla's stock was trading 2.77% lower in the after-hours market.
Rossmann's decision to stop purchasing Tesla EVs due to Musk's political endorsement of Trump highlights a potential risk for Tesla's brand image and customer base, especially in markets sensitive to environmental issues. The immediate market reaction shows a negative impact on Tesla's stock price.
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