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Tesla shareholders are sounding the alarm as the company reports a stunning 71% drop in profits, with marketing expert Scott Galloway blaming Elon Musk’s political entanglements for the collapse.
On the Pivot podcast, Galloway said Musk has driven Tesla’s brand into the ground by becoming a central figure in Donald Trump’s second administration, where he leads the Department of Government Efficiency (Doge). Polls show wide disapproval of Musk’s handling of federal job cuts and growing concern over Tesla’s future among core EV buyers.
Tesla’s sales in Europe are down dramatically, and brand rankings have cratered. With Musk promising to reduce his role in Doge, investors are hoping the brand can recover—but confidence is shaken.