Elon Musk responded to claims that Tesla’s sales are being impacted by his support for former U.S. President Donald Trump during an event in Philadelphia on Friday night.
Musk has had outspoken and overwhelmingly vocal support for Trump as he runs against Vice President Kamala Harris in the 2024 Presidential Election.
Musk appeared at several events in Pennsylvania, perhaps the most crucial swing state in the election, with Trump over the past week.
It is no secret that as time has gone on, elections have seemed to get more polarizing and tension-filled, with this being perhaps the one with the most implications in recent memory.
Musk has truly stepped up his narrative to try to sway voters in the direction of President Trump, who has welcomed the Tesla CEO’s support with open arms and even offered him a position if he wins the White House.
-->Many consumers will choose to purchase products from a company that aligns with their political views, and Tesla is no different. It is not a blanket statement, as some do not see politics as a factor when determining who they will purchase from.
Musk believes that Tesla owners buy the vehicles because of the quality of the product and not necessarily because of his political standpoint.
On Friday, when asked about his support for Trump and whether it was impacting Tesla’s sales, he said:
“Tesla’s sales are actually doing great. We’re hitting all-time highs. I think people really care about the quality of the product as opposed to whether they agree or disagree with the CEO’s views. The CEO of any given company is going to have political views. At the end of the day what matters is if Tesla makes a great product, and people like buying great products.”
As previously mentioned, there are consumers out there who might not choose to buy Teslas because of Musk’s support.
-->In the past several weeks, I have received emails from people who have said they will sell their vehicles or not purchase another Tesla because of Musk’s support for Donald Trump.
I also know of people who have chosen to follow Tesla and have become more interested in EVs because of Musk’s support for Trump. It might be impossible to know exactly how many have been swayed in each direction and whether there is a true impact.
Elon Musk was asked tonight by @ValueAnalyst1 how he responds to claims that his support for Trump is hurting Tesla’s brand and sales:
“Tesla’s sales are actually doing great. We’re hitting all-time highs. I think people really care about the quality of the product as opposed to… pic.twitter.com/2ejpn2DZbv
— Sawyer Merritt (@SawyerMerritt) October 19, 2024
-->From a numbers standpoint, Tesla sales are roughly on pace for what they were in 2023, coming in at 1.8 million units.
The lack of growth could be attributed to several things: Tesla’s development of the next-generation platform, a need for a new model or refreshed designs of its current ones, or Musk’s political views.
Please email me with questions and comments at joey@teslarati.com. I’d love to chat! You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.
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Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
Tesla Europe has announced that its “Future Holidays” campaign will feature Full Self-Driving (Supervised) ride-along experiences in the Netherlands.
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
The Holiday program was announced by Tesla Europe & Middle East in a post on X. “Come get in the spirit with us. Featuring Caraoke, FSD Supervised ride-along experiences, holiday light shows with our S3XY lineup & more,” the company wrote in its post on X.
Per the program’s official website, fun activities will include Caraoke sessions and light shows with the S3XY vehicle lineup. It appears that Optimus will also be making an appearance at the events. Tesla even noted that the humanoid robot will be in “full party spirit,” so things might indeed be quite fun.
“This season, we’re introducing you to the fun of the future. Register for our holiday events to meet our robots, see if you can spot the Bot to win prizes, and check out our selection of exclusive merchandise and limited-edition gifts. Discover Tesla activities near you and discover what makes the future so festive,” Tesla wrote on its official website.
-->This announcement aligns with Tesla’s accelerating FSD efforts in Europe, where supervised ride-alongs could help demonstrate the tech to regulators and customers. The Netherlands, with its urban traffic and progressive EV policies, could serve as an ideal and valuable testing ground for FSD.
Tesla is currently hard at work pushing for the rollout of FSD to several European countries. Tesla has received approval to operate 19 FSD test vehicles on Spain’s roads, though this number could increase as the program develops. As per the Dirección General de Tráfico (DGT), Tesla would be able to operate its FSD fleet on any national route across Spain. Recent job openings also hint at Tesla starting FSD tests in Austria. Apart from this, the company is also holding FSD demonstrations in Germany, France, and Italy.
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Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
-->For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
Tesla sees sharp November rebound in China as Model Y demand surges
