Tesla lost $15 billion in brand value in 2025 as Musk stepped deeper into politics, research shows

CNBC
2026.01.27 15:47
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Tesla's brand value plummeted by $15.4 billion, or 36%, in 2025, marking a third consecutive annual decline, according to Brand Finance. Contributing factors include a lack of new models, high vehicle prices, and CEO Elon Musk's political involvement. Tesla's brand value now stands at $27.61 billion, down from $66.2 billion in January 2023. Despite a loyalty score increase, consumer recommendation scores fell to a new low. Meanwhile, rival BYD's brand value surged by 23%. Tesla's stock saw an 11% increase by year-end, aided by Musk's stock purchases and new service launches.