Marketing guru Scott Galloway has issued a stark warning about Tesla’s business prospects, calling CEO Elon Musk’s political involvement “historic brand destruction” on the popular Pivot podcast. The electric vehicle giant is paying a steep price for its leader’s political activities, with the company’s brand reputation crashing from 8th place to a dismal 95th position in industry rankings. Tesla’s financial performance reflects this brand crisis, with profits plummeting by 71% as the company struggles to maintain customer loyalty. European markets have been particularly brutal, showing significant sales declines that underscore the global nature of Tesla’s challenges. Galloway’s analysis suggests Musk has made a critical strategic error by courting political supporters who largely reject electric vehicles while alienating Tesla’s traditional environmentally-conscious customer base.
Tesla Stock Tumbles as Brand Rankings Plummet Amid Musk’s Political Ventures
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