At least President Trump still believes in Elon Musk.

“I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American,” Trump wrote in a post published early Tuesday morning on Truth Social.

Trump said “radical left lunatics” are “illegally and collusively” boycotting Tesla, which the president described as one of the best automakers in the world. This action, Trump said, was meant as an attack on Musk and what he stands for.

It is not illegal for consumers to boycott companies. The Supreme Court in 1982 ruled the First Amendment protects Americans’ rights to protest private businesses.

I'm not sure what law that these radical left lunatics are breaking, because they are all over the globe.

Another day, another report of Tesla sales dropping. The automaker's performance in Europe has not been exactly stellar lately, with February sales down 10% in Spain, 42% in Sweden, 45% in France, 48% in Norway and Denmark, 53% in Portugal, 55% in Italy, and a whopping 76% in Germany, as reported by Reuters.

Things are looking grim even outside Europe, with a 66% drop in Australia and 49% in China, where BYD reigns supreme with Xiaomi hot on its tail.

It's not just new Tesla's. No one wants an old Tesla either.

The average price of a pre-owned Tesla has been in steady decline for coming up on three years now. In 2022, a used Tesla sold for more than $70,000, but dropped as low as $26,000 by last fall. Data from iSeeCars found the Model 3’s price had dropped 24.8%, more than $8,500, in the 12 months from August 2023 to August 2024.

That was the biggest drop of all EV models.

The laws of supply and demand could push that price even lower in months to come. Hertz recently put 30,000 Teslas from its fleet up for sale. And a growing number of Tesla owners are looking to offload their vehicles as part of a backlash against Elon Musk’s recent comments and actions, particularly through his work at DOGE.

Of course it isn't just Tesla. Starlink has run into problems, problems, and more problems.
Lastly, lets not forget Twitter, which started Musk's foray into right-wing politics.
X's value has fallen 71% since Musk bought it. Fidelity estimates that X is worth just $9.4 billion, a far cry from the $44 billion that Musk paid.