New Delhi. Unhappy with the policies of businessman Alan Musk, people of America and Europe are burning their electric car Tesla. There have been incidents of arson or sabotage in more than 100 Tesla cars in the last four months. All this is happening at a time when there are reports of Tesla entering the Indian market.
Why are people boycotting Tesla
Musk has expelled about 20,000 people from jobs for cost cutting, while 75,000 people have decided to choose a byout.
Due to these reasons, there is a lot of anger against Musk and his company. Musk has supported many right -wing parties in Europe in the last few months of supporting Musk to support right -wing parties.
Germany- Musk supported the Lt. Party Alternative Fur Dusters (AFD) in the German election. He said on social media x that only AFD can save Germany. AFD is expected for the country. This party can give a better future to the country.
Italy- Italian Prime Minister Georgia Meloni has described Alan Musk as her friend. He had said that I can be both Musk’s friend and the Prime Minister of Italy together. Meloni is considered a right -wing leader.
Employees and unions alleged that Musk had trimmed a large scale in Tesla without any prior notice. Due to this they came on the road. Due to this, Musk is facing heavy opposition. According to the National High-Way Traffic Safety Administration, government agencies are also investigating this layoff.
Musk has so far suffered a lot of financial loss in this entire event. In March, Tesla shares fell by 15%, which was his worst day in the market since September 2020. The company’s market cap was reduced by about $ 800 billion and it also had a direct impact on Musk’s net worth and from January 2025 to March, the net worth of Musk saw a tremendous decline of $ 132 billion, or about Rs 11 lakh crore. It also includes a decline of $ 29 billion in the same day of March.
Effect on brand image- Tesla’s credibility is being affected due to controversies, so that potential customers can turn to other companies. New York brand consultant Robert Pasicoff says that this is the 101st rule of marketing not to include yourself in politics. People will stop buying your product.