A Morgan Stanley survey reveals that 85% of 245 respondents believe Tesla CEO Elon Musk’s political activities are negatively affecting the company. The majority also anticipate a decline in Tesla deliveries this year, amid a nearly 40% plunge in Tesla’s stock value. While 45% of respondents found Musk’s political actions “negative,” another 40% deemed them “extremely negative.” Only 3% considered them positive. The survey also indicates that 59% expect fewer car deliveries in 2025 compared to the previous year. Musk’s political involvement, including his support for President Donald Trump and his role in the Department of Government Efficiency (DOGE), has drawn criticism for perceived hasty reforms.
— news from CNBC
