Elon Musks controversial behavior in recent years is very likely to be a contributing factor in Teslas declining sales, according to corporate reputation tracking firm Caliber. <\/p>\n
Survey data reported by Reuters found that Teslas consideration score a metric used by Caliber to track consumer interest in brands, based on how they respond to the prompt I would buy, or continue buying, products and services from Tesla, if given the chance has fallen to 31 percent from its 70 percent high in November 2021, tumbling by 8 percent alone this January. Calibers consideration scores for rival EV-producing manufacturers Audi, BMW, and Mercedes, meanwhile, increased slightly during the same period, reaching between 4447 percent. <\/p>\n
Caliber claims 83 percent of Americans it surveyed associated Tesla with Musk, with Caliber CEO Shahar Silbershatz telling Reuters that its very likely that Musk himself is contributing to the reputational downfall. Additional data supplied to Reuters by brand valuation consultancy Brand Finance show a similar decline in Teslas reputation among consumers in the Netherlands, US, UK, France, and Australia between 2023 and 2024. <\/p>\n
If Musks polarizing behavior is impacting Tesla sales, itll be one of several factors at play the company warned back in January that its growth in 2024 may be notably lower than last year as it prepares its vehicle lineup for 2025. Tesla also faces increasing competition from rival EV providers like Rivian and Chinas BYD and attributed declining sales to manufacturing delays and shipping disruptions in its Q1 production report. <\/p>\n
Bloomberg made similar connections between Musks dwindling reputation and Teslas volatile stock price over a year ago. He hasnt exactly made his persona any more palatable since then. <\/p>\n
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Elon Musk's reputation is falling and it's taking Tesla with it - The Verge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Elon Musks controversial behavior in recent years is very likely to be a contributing factor in Teslas declining sales, according to corporate reputation tracking firm Caliber. Continue reading