Tesla Lost $15 Billion In Brand Value In 2024, Report Says: Did Elon Musk's Political Push Hurt EV Giant?

Tesla Inc TSLA stock soared after Donald Trump won the 2024 presidential election, helping CEO Elon Musk become the first person worth more than $400 billion.While Musk's political push and Trump friendship might have been good for the stock, a new report showed it could have hurt Tesla's brand value.What Happened: Musk continued to support Trump and his policies, which included trying to end tax credits for electric vehicles.The support for Trump could be hurting Tesla's brand value, according to the 2025 ...