Written by 11:23 AM World

Tesla’s risks have increased thanks to Musk and Trump.

[USA Today] Donald Trump, who supported boosting the electric car industry, has chosen to support Donald Trump, who has turned a blind eye to the Democratic Party and claims that climate change is a hoax… Musk, gaining windfall after Biden candidate withdraws and Harris Vice President, Tesla’s reputation tarnished, European companies boycott Tesla,

[Editor’s Note] We will deliver today’s news happening in the superpower USA.

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[Washington=AP/Newsis] Elon Musk (center), CEO of Tesla, applauds during a speech by Israeli Prime Minister Benjamin Netanyahu at the U.S. Capitol in Washington, D.C., on the 24th (local time). Netanyahu has been reported to criticize the counter-war demonstrators as , regarding violations of the electric car industry nurturing policy, Tesla is in political danger. Elon Musk, the founder, publicly supporting Donald Trump’s reelection, has caused CEO risks to translate into substantial losses for the company. Only a month ago, Trump had a high chance of reelection, but his sudden drop in approval ratings after being replaced by Vice President Kamala Harris following Joe Biden as the opponent has raised doubts about his reelection prospects. Even if there is no retaliatory action from the Democratic government or post-resettlement, Musk’s political stance is already causing some Tesla customer base attrition., on the 7th (local time), the large European pharmacy chain Rossmann announced that it would no longer purchase Tesla. This decision was in response to the political stance of Tesla CEO Elon Musk supporting Trump., based in Germany, stated, “We decided not to purchase Tesla products as Elon Musk’s statements and the values represented by Tesla’s products cannot coexist. Trump repeatedly called climate change a hoax, which starkly contrasts with Tesla’s mission to contribute to environmental protection through electric car production.”
According to Bloomberg, Rossmann purchases about 180 electric cars annually, so the direct impact on Tesla is insignificant. However, CNBC pointed out that this decision by the European company to completely stop purchasing Tesla indicates that Musk’s political choices are beginning to influence not only the United States but also automotive manufacturers.,

(Atlanta Reuters=News1) Reporter Woo Dong-myeong = Former U.S. President Donald Trump speaks during a joint campaign rally with republican vice presidential candidate J.D. Vance in Atlanta, Georgia on the 3rd (local time). 2024.08.05  / Reuters

(Atlanta Reuters=News1) Reporter Woo Dong-myeong = Former U.S. President Donald Trump speaks during a joint campaign rally with Republican Vice Presidential candidate J.D. Vance in Atlanta, Georgia on the 3rd (local time). 2024.08.05 / Reuters=News1. Musk officially endorsed Trump last month and pledged to donate to America PAC, a pro-Trump organization., however, in June, Joe Biden avoided a question about what he would do to address climate change during a public TV debate with Trump. Trump has referred to climate change as a hoax and has vowed that if re-elected, he will withdraw the United States from the Paris Climate Agreement., according to Morning Consult’s survey, Republicans view Musk, who personally bought Twitter (now X-X) at the end of 2022, more favorably. Ironically, despite making money through the electric car business, Musk has publicly expressed his intention to remain neutral to offset the political bias of new media social network services like Twitter., yet buying Twitter did not increase electric car sales. Pew Research indicates that Musk, who has revealed right-wing tendencies after acquiring Twitter, has seen his reputation decline among left-wing voters, leading even leftists who supported electric cars to turn away from him., Rossmann’s decision symbolizes this reality. While Tesla’s overall revenue increased by 2% in the second quarter of last year, car sales amounted to $19.9 billion, a 7% decrease from the same quarter a year ago. Although Musk appeared to revolutionize the automotive industry with Tesla, his recent successes are being compromised by his controversial actions and political statements. After posting anti-Semitic content following the acquisition of X, Musk faced advertiser backlash. Subsequently, he criticized departing advertisers with profanity at a conference, only to face larger social backlash., half of Rossmann’s stores are located in Germany. Despite Musk opening a factory in Brandenburg, Germany in 2022 and employing thousands of locals, the public sentiment towards him is not as favorable. Musk has faced continuous protests from German environmental activists as Tesla attempted to clear parts of a forest in Brandenburg and utilize industrial water resources for electric car production. In March, Musk attacked these activists on X, calling them “the most stupid eco-terrorists on Earth” or people with no good environmental goals., ‘article_split’,
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