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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Manufacturing & engineering

Anti-Musk backlash hurts Tesla sales in Australia and New Zealand

Tesla Inc (NASDAQ:TSLA) sales in Australia have dropped 35% in the four months since Donald Trump’s election, according to the country’s Electric Vehicle Council.

The decline follows a global sales slump and growing backlash against Elon Musk’s ties to Trump and far-right groups.

In Europe, Tesla has also seen falling sales amid Musk’s political stance.

In Australia and New Zealand, Tesla dealerships and vehicles have been vandalised, with some owners reporting increased hostility.

In Tasmania, a dealership was defaced with anti-Musk graffiti, while a man in New Zealand was arrested for damaging Teslas, according to a Reuters article.

Meanwhile, Trump has vowed to label violence against Tesla as domestic terrorism.

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