JPMorgan reports that Tesla has lost an astounding $127 billion in value in a single day, reflecting the negative impact of CEO Elon Musk's polarizing political actions. Analysts revised Tesla's first-quarter delivery forecast down by 20% due to these issues. They note that Musk’s involvement in government roles has been controversial, with mixed reactions from different political factions, further hurting Tesla's sales. Additionally, Musk's international political stances, particularly concerning Europe, pose risks to the company's reputation and market presence.
"We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly."
"Mr. Musk's work with the Department of Government Efficiency has proven controversial domestically, and while as many members of the political right may be pleased as those on the left are displeased, the effect on Tesla sales seems nevertheless negative."
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