His role in the Trump administration, exerting his power over the federal government, has exacerbated that tension. The buyer’s remorse is playing out at a volatile moment for Tesla, as stocks dropped by double digits in the last week, wiping out most of a post-election surge for Musk’s company.
The actress Octavia Spencer and the musician Kacey Musgraves were among the celebrities who commented messages of support for the decision. Still, Teslas are by far the most popular electric vehicles in the United States. With interest from the State Department, which has planned a $400 million purchase of armored Cybertrucks, and local governments, including purchases of Teslas for Baltimore’s city fleet, Seattle-area public transit and the Las Vegas police, the market for Mr.
Recent protests outside Tesla showrooms in the United States and some notable cases of vehicle owners being harassed have also made headlines. Trebb, 54, a family therapist and a Democrat, said she had decided to trade in her Tesla for a gas-powered Mercedes, accepting $32,000 of the Tesla’s original $55,880 value, despite having only 10,000 miles on it.
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