According to a survey conducted by Morgan Stanley, more than 85% of respondents believe that Tesla CEO Elon Musk’s involvement in politics is negatively impacting the company’s business fundamentals. This sentiment is fueled by concerns about a potential drop in Tesla deliveries this year. Despite the small sample size and non-random representation of respondents, the survey reveals a growing frustration with Musk’s political activities, which include supporting President Donald Trump and leading the Department of Government Efficiency. Some respondents believe these actions are having an extremely negative impact on the company, while others see them as insignificant or positive.
The survey also showed that the majority of respondents anticipate a decrease in Tesla deliveries in 2025, with some expecting a decline of more than 10%. This comes amid reports of vandalism at Tesla dealerships, potentially deterring customers. Despite recent stock price declines, 45% of respondents predict that Tesla shares will increase by at least 11% by the end of the year, while 36% expect further declines.
Musk’s political influence has raised concerns about his ability to effectively run his businesses, including Tesla, X, and SpaceX. Despite criticism from members of Trump’s cabinet, the president recently expressed support for Musk and Tesla by evaluating their vehicles at the White House and pledging to buy one as a symbol of support. Additionally, Trump declared violence at Tesla dealerships to be acts of domestic terrorism.
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