Business

Elon Musk's friendship with Donald Trump cost Tesla billions. There is a report


Brand value Tesla is now about $27.61 billion, up from $43 billion. last year and $58.3 billion. in early 2024 – according to a report by the research and consulting company Brand Finance, quoted by CNBC. This means that over the last year, the value of the Tesla brand has decreased by as much as $15 billion. The rising star is Tesla's biggest rival. As many as five brands overtook the company Elon Musk in this year's ranking.

The rest of the article below the video:

David Haigh, president of Brand Finance, said Elon Musk's political involvement and the lack of new electric car models affected the brand's overall strength, as did the relatively high price of Tesla's electric vehicles.

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

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