After President Trump expressed interest in a Tesla Model S, a conservative wave of support emerged for the company amidst backlash against CEO Elon Musk's strategies. Despite conservative advocates like Sean Hannity purchasing Tesla vehicles, analysts caution that these efforts may not sufficiently counteract the loss of liberal consumers, which is significant. JPMorgan predicts the lowest car deliveries for Tesla in three years as the political divide in automotive ownership increasingly reflects consumer preferences, with surveys showing a historical leaning towards Democratic identification among electric car owners.
The backlash from liberal consumers against Elon Musk's strategies has led conservative figures to rally for Tesla, hoping to attract buyers amid apparent losses.
Analysts indicate that while conservative support for Tesla may help, it won't fully compensate for the substantial loss of the Democratic consumer base.
JPMorgan projects that Tesla will report its lowest quarterly deliveries in three years, highlighting the potential impact of the current political dynamics on sales.
Survey findings show that electric car owners have predominantly identified as Democrats or liberals, indicating a challenging market for Tesla if it alienates this group.
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