Tesla Stock (TSLA) Falls as 41% of EV Drivers Say They Will Avoid Brand over Politics

Tip Ranks
2025.11.19 12:14
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Tesla's stock fell nearly 2% after a poll revealed 41% of global EV drivers would avoid the brand due to political concerns. The survey, conducted by the Global EV Alliance, highlighted significant avoidance in the U.S. and Germany. Elon Musk's political actions, including support for far-right movements, have sparked controversy. Despite record vehicle deliveries, Tesla faces challenges in South America from Chinese competitors. Analysts currently rate Tesla as a Hold, with a price target suggesting a 4% downside risk.