Publish: 10:32, 09 Feb, 2025

Musk risks putting EU buyers off Tesla: Analysts

Online Desk
Musk risks putting EU buyers off Tesla: Analysts
Photo - Collected

Elon Musk's rapprochement with US President Donald Trump, his backing of European far-right parties and attacks on diversity policies could drive European buyers away from Tesla, analysts say.

In both Germany and France, sales of the electric pioneer's cars were halved year-on-year in January 2025, while a series of isolated incidents targeting Tesla have set off alarm bells among buyers and industry analysts alike, reports AFP.

"Nobody wants to be associated with Musk's behaviour," said German automotive industry expert Ferdinand Dudenhoeffer.

Yet the brand and its boss are "almost inseparable", he added.

The backlash has been particularly strong in Germany, where Musk has voiced firm support for the far-right AfD party – a political taboo in a country where the Nazi past remains a sensitive subject.

Stickers bearing the message "I bought this car before Elon went crazy" started showing up on German Tesla cars, as they had in the United States.

Musk, the world's richest man, also drew uproar with a gesture at a Trump rally critics likened to a Nazi salute – allegations which the Tesla boss has rejected.

At the end of January, activists projected a giant image of Musk's gesture and the word "Heil" onto the outside of a Tesla plant near Berlin.

"Germany remains very sensitive to its history and Musk's political rhetoric is potentially toxic, given that Tesla consumers are partly motivated by environmental concerns," said German automotive analyst Matthias Schmidt.

Think carefully

"The car is good," 60-year-old Enrico Parano said about his Tesla.

But the Frankfurt-based banking executive said he would think "very carefully before buying it (today) because of Musk's behaviour", and that he was considering selling his Tesla shares.

"It's scary to give money to this guy," said Adriaan, a young French doctor who bought his Tesla second-hand.

He said he feared, however, an environmental catastrophe if the world put the brakes on the transition to electric vehicles.

Other incidents targeting the Tesla brand or its owner, now a close adviser of Trump, have taken place outside Germany.

In the Netherlands, a Tesla showroom was vandalised with swastika graffiti and anti-fascist slogans in early February, according to media outlet Dutch News.

In Poland, Tourism Minister Slawomir Nitras said it was "necessary to respond firmly" to Musk, hinting at a possible boycott.

Fans in their 30s

Any boycott's impact would be hard to measure as Tesla has already been hampered by a number of obstacles in the European Union.

Tesla's range of vehicles is ageing and the brand has been faced with an avalanche of competing models overcrowding a slowing market.

Tesla declined to comment on the situation.

Its global sales, however, remained stable last year and since Trump's election, company shares have climbed to a record high.

"Tesla today is two sides of the same coin," said Ieva Englund of the Swedish institute Novus, which conducted an online survey at the end of January.

Englund said half of the Swedish population was either positive or neutral toward the brand, praising its innovative feat and environmental impact.

Men aged between 35 and 49 years old, which Englund said could be considered as Tesla's main target group, remain "relatively positive" toward the brand.

But the deadlock around Swedish Tesla employees who have been on strike for more than a year demanding better wages and work conditions, as well as Musk's recent actions "make everyone else see red", she said.

Bd-pratidin English/Fariha Nowshin Chinika

Topic

More News
China's Z.ai stirs 'mini DeepSeek moment' with low-cost AI model GLM-5.2
China's Z.ai stirs 'mini DeepSeek moment' with low-cost AI model GLM-5.2
South Korean shops turn to robots, self-service to escape labour woes
South Korean shops turn to robots, self-service to escape labour woes
Meta shares jump 6% on report of new AI cloud business
Meta shares jump 6% on report of new AI cloud business
Swedish court orders Google to pay $1.46bn in damages
Swedish court orders Google to pay $1.46bn in damages
Cybersecurity is more important today: Information Minister
Cybersecurity is more important today: Information Minister
NASA chief vows to take football to the Moon if US team wins World Cup
NASA chief vows to take football to the Moon if US team wins World Cup
Anthropic unveils 'Claude Science' for scientific research
Anthropic unveils 'Claude Science' for scientific research
NASA robot mission aiming to rescue space telescope
NASA robot mission aiming to rescue space telescope
Google limits Meta's access to Gemini AI models, FT reports
Google limits Meta's access to Gemini AI models, FT reports
Rome uses smart bracelets to support elderly during heatwave
Rome uses smart bracelets to support elderly during heatwave
US limits access to OpenAI, Anthropic AI models
US limits access to OpenAI, Anthropic AI models
US allows Anthropic to release Mythos AI to 'trusted' US organizations
US allows Anthropic to release Mythos AI to 'trusted' US organizations
Latest News
ACC seeks documents from BCB to investigate against Papon
ACC seeks documents from BCB to investigate against Papon
5 hours ago | Sports
Govt preparing a new visa policy, placed the draft to cabinet
Govt preparing a new visa policy, placed the draft to cabinet
5 hours ago | National
Elderly man gets roadside stall in Joypurhat
Elderly man gets roadside stall in Joypurhat
6 hours ago | Shuvosangho
Developing highly skilled professional diplomats very important: Shama
Developing highly skilled professional diplomats very important: Shama
6 hours ago | National
24,784 absent, seven expelled on first day of HSC exams
24,784 absent, seven expelled on first day of HSC exams
6 hours ago | National
Norway worried about Haaland ahead of Brazil clash
Norway worried about Haaland ahead of Brazil clash
7 hours ago | Sports
160 gold bars seized in Dhaka airport
160 gold bars seized in Dhaka airport
7 hours ago | City
Portugal declares state of alert as extreme heat grips country
Portugal declares state of alert as extreme heat grips country
7 hours ago | International
Tk1 lakh fine for failing to ensure parents' maintenance
Tk1 lakh fine for failing to ensure parents' maintenance
8 hours ago | National
July Shaheed Memorial Meeting on Saturday, PM to attend
July Shaheed Memorial Meeting on Saturday, PM to attend
9 hours ago | National
Shakhawat asks hospitals not to discharge dengue patient before full recovery
Shakhawat asks hospitals not to discharge dengue patient before full recovery
9 hours ago | National
PM unveils book on President Ziaur Rahman
PM unveils book on President Ziaur Rahman
9 hours ago | National
‘Think twice’: Iran’s army warns against any ‘miscalculation’ by US, Israel
‘Think twice’: Iran’s army warns against any ‘miscalculation’ by US, Israel
9 hours ago | International
Govt reduces LPG, auto gas prices
Govt reduces LPG, auto gas prices
10 hours ago | National
Govt won’t tolerate any attempt to damage country’s image: Home Minister
Govt won’t tolerate any attempt to damage country’s image: Home Minister
10 hours ago | National
Bashundhara Tissue, Shuvosangho distribute saplings among Sherpur students
Bashundhara Tissue, Shuvosangho distribute saplings among Sherpur students
10 hours ago | Shuvosangho
Dengue awareness, cleanliness drive held in Dhaka
Dengue awareness, cleanliness drive held in Dhaka
10 hours ago | Shuvosangho
Measles-like symptoms claim 5 more lives in 24 hrs
Measles-like symptoms claim 5 more lives in 24 hrs
10 hours ago | National
Eight monks killed, 13 injured in Thailand pilgrimage crash
Eight monks killed, 13 injured in Thailand pilgrimage crash
10 hours ago | International
Bangladesh enacts new anti-online gambling law
Bangladesh enacts new anti-online gambling law
11 hours ago | National
Scientist challenges US climate report over global warming claims
Scientist challenges US climate report over global warming claims
11 hours ago | International
Palestinian Ambassador calls on PM's Foreign Affairs Advisor
Palestinian Ambassador calls on PM's Foreign Affairs Advisor
11 hours ago | National
Mohammad Monirul Islam becomes ACC DG
Mohammad Monirul Islam becomes ACC DG
11 hours ago | National
Social Media and Devices: Making Life Easier, But at What Cost?
Social Media and Devices: Making Life Easier, But at What Cost?
11 hours ago | Special
‘Iran, Iran’ fans welcome heroes despite World Cup exit
‘Iran, Iran’ fans welcome heroes despite World Cup exit
12 hours ago | Sports
Nazrul's pen was sharp weapon against colonial rule, oppression: PM
Nazrul's pen was sharp weapon against colonial rule, oppression: PM
12 hours ago | National
China's Z.ai stirs 'mini DeepSeek moment' with low-cost AI model GLM-5.2
China's Z.ai stirs 'mini DeepSeek moment' with low-cost AI model GLM-5.2
12 hours ago | Tech
36pc of regular students skip HSC, equivalent exams
36pc of regular students skip HSC, equivalent exams
12 hours ago | National
Dhaka-Beijing defence ties part of broader cooperation: Envoy
Dhaka-Beijing defence ties part of broader cooperation: Envoy
12 hours ago | National
Don't ignore Grade 1 fatty liver, experts urge
Don't ignore Grade 1 fatty liver, experts urge
12 hours ago | Lifestyle
Most Read
HSC, equivalent exams begin today
HSC, equivalent exams begin today
18 hours ago | National
Head teacher appointments cleared in 32,000 govt schools
Head teacher appointments cleared in 32,000 govt schools
15 hours ago | National
Messi returns 'home' to lead Argentina in Miami
Messi returns 'home' to lead Argentina in Miami
18 hours ago | Sports
Gold price up Tk2,216 per bhori
Gold price up Tk2,216 per bhori
15 hours ago | Economy
Senegal robbed of victory, says Ibrahimovic
Senegal robbed of victory, says Ibrahimovic
13 hours ago | Sports
Govt reduces LPG, auto gas prices
Govt reduces LPG, auto gas prices
10 hours ago | National
Speaker leaves for Iran to attend Khamenei’s funeral
Speaker leaves for Iran to attend Khamenei’s funeral
17 hours ago | National
36pc of regular students skip HSC, equivalent exams
36pc of regular students skip HSC, equivalent exams
12 hours ago | National
At least 8 killed in major Russian missile, drone attack on Kyiv
At least 8 killed in major Russian missile, drone attack on Kyiv
17 hours ago | International
600 foreign journalists to cover funeral of Ayatollah Khamenei
600 foreign journalists to cover funeral of Ayatollah Khamenei
14 hours ago | International
100-tonne Malaysia order prompts mango freight cut appeal
100-tonne Malaysia order prompts mango freight cut appeal
18 hours ago | National
Health state minister, BIDA and NBR chiefs take up new roles
Health state minister, BIDA and NBR chiefs take up new roles
14 hours ago | National
Dhaka-Beijing defence ties part of broader cooperation: Envoy
Dhaka-Beijing defence ties part of broader cooperation: Envoy
12 hours ago | National
Ronaldo vs Modric: First and last face-off in World cup
Ronaldo vs Modric: First and last face-off in World cup
14 hours ago | Sports
China's Z.ai stirs 'mini DeepSeek moment' with low-cost AI model GLM-5.2
China's Z.ai stirs 'mini DeepSeek moment' with low-cost AI model GLM-5.2
12 hours ago | Tech
Kane double fires England into last 16 with comeback win over DR Congo
Kane double fires England into last 16 with comeback win over DR Congo
19 hours ago | Sports
Trauma centers remain idle across country
Trauma centers remain idle across country
14 hours ago | Special
Mohammad Monirul Islam becomes ACC DG
Mohammad Monirul Islam becomes ACC DG
11 hours ago | National
Social Media and Devices: Making Life Easier, But at What Cost?
Social Media and Devices: Making Life Easier, But at What Cost?
11 hours ago | Special
Nazrul's pen was sharp weapon against colonial rule, oppression: PM
Nazrul's pen was sharp weapon against colonial rule, oppression: PM
12 hours ago | National
Scientist challenges US climate report over global warming claims
Scientist challenges US climate report over global warming claims
11 hours ago | International
Iran to open ‘communication channel’ on MoU with US
Iran to open ‘communication channel’ on MoU with US
17 hours ago | International
Venezuela's death toll at least 2,295 as medical crisis widens
Venezuela's death toll at least 2,295 as medical crisis widens
15 hours ago | International
Iran rejected direct US meeting proposal in Doha
Iran rejected direct US meeting proposal in Doha
18 hours ago | International
Palestinian Ambassador calls on PM's Foreign Affairs Advisor
Palestinian Ambassador calls on PM's Foreign Affairs Advisor
11 hours ago | National
Belgium stage stunning comeback to sink Senegal
Belgium stage stunning comeback to sink Senegal
18 hours ago | Sports
Tuchel delights in ‘shark’ Kane’s predatory goal instinct
Tuchel delights in ‘shark’ Kane’s predatory goal instinct
16 hours ago | Sports
PM pushes circular road, waterways to unclog capital
PM pushes circular road, waterways to unclog capital
17 hours ago | City
Bangladesh urges stronger global cooperation against terrorism at UN
Bangladesh urges stronger global cooperation against terrorism at UN
13 hours ago | National
Teachers must choose: Job or local elections
Teachers must choose: Job or local elections
12 hours ago | National