you giving up your other stuff i mean what do you how are you running your other businesses uh with great difficulty there's nobody like this and he shouldn't be penalized and when I watched the other day I said I can't believe it it should be the opposite people should be going wild and they love the product but because he's uh finding all sorts of terrible things that have taken place against our country they want to penalize him in a economic sense and I just think that's very unfair elon Musk is facing a crisis of unprecedented
scale as Tesla once the unrivaled titan of the electric vehicle industry finds itself under relentless attack from multiple fronts the trouble began when Canada dealt a devastating economic blow an example of a measure that I will put in place as prime minister is 100% tariffs on Teslas i think that should get some attention in the White House imposing a 100% tariff on all Tesla cars sold in the country this drastic measure doubles the price of Tesla vehicles overnight effectively squeezing the brand out of the Canadian market a Model Y which previously retailed for around $55,000
now cost Canadian buyers twice as much rendering it unaffordable for most this tariff isn't just a random act it's a calculated retaliatory strike against US trade policies with Musk cast as the primary target seen as a billionaire confidant of Donald Trump he's become a strategic enemy through whom Canada can exert pressure on the White House amid already tense bilateral relations tesla in this highstakes political game has been reduced to a bargaining chip but Canada's assault didn't stop there the government also canled a $66 million contract with Starlink Musk's satellite internet venture which was slated to
provide connectivity to hundreds of remote regions across the country this termination not only strips Musk of a major client but also undermines a critical strategic market for his broader empire canadian authorities justified the move stating they refuse to work with individuals they accuse of destroying our economy the fallout is immediate and brutal investors are panicking with Tesla shares collapsing by 29% in a single month reports suggest that major shareholders like Vanguard and Black Rockck have begun actively reducing their positions fearing an even steeper decline and I think Elon has got the rockets going because they
realize there's other Earths out there and they're gonna they're going to trash this one and because they don't have any concern for it and they they're going to move on to the next Earth everybody's be standing down here with your blue and red ties going "Wait a minute i was on your side and they're just going to leave." Experts predict that if the bleeding doesn't stop Tesla's stock could shed another 15 to 20% of its value in the coming months jeopardizing the company's ability to take risks as it once did the financial chaos is only
part of the story public opinion once Tesla's greatest asset has turned venomous in Germany where the Berlin Gigafactory was turnurning out thousands of cars weekly sales have plummeted by a staggering 70% rumors swirl that Tesla management is considering temporary closures of some factory workshops due to cratering demand a disaster for a plant that had recently aimed to triple production in the US Tesla owners are taking drastic steps to distance themselves from the brand some Tesla owners are finding their own way to break away from the Tesla brand covering or removing logos from their Model 3s
and Model Y's to avoid association with Musk's increasingly controversial persona in California cars with glued over badges have become a common sight as owners devise creative ways to disguise their vehicles and dodge unwanted attention social media is a wash with posts from former Tesla fans who now express shame at driving the brand's cars the backlash is going global in British Columbia the province has removed Tesla chargers and other products from its rebate program targeting one of Musk's closest allies in a symbolic snub in Europe and North America vandalism against Tesla vehicles is surging owners report
smashed windows punctured tires and graffiti scrolled with accusations of Musk supporting right-wing movements the most shocking incident occurred in France where unknown arsonists set fire to an entire Tesla dealership causing millions in damages authorities have yet to release full details but the message is clear hatred for the brand has reached a boiling point meanwhile in Australia Tesla sales have nose dived by 30% in just 1 month the company's worst performance since 2023 as Tesla staggers competitors are seizing the moment china's BYD has eclipsed Tesla to become the world's largest electric vehicle manufacturer surpassing it in
sales volume in China where EV demand is skyrocketing Tesla has lost nearly half its market share to local giants like BYD NIO and Xping whose cheaper more advanced models are captivating buyers the Tesla Model 3 once a futuristic icon is now outclassed by these technologically superior alternatives in Europe new Chinese brands are aggressively expanding into Germany France and the UK offering cars that beat Tesla not just on price but also in comfort and features in the US younger buyers once Tesla's core demographic are flocking to fresher options like Rivian and Lucid drawn by innovative designs
and better build quality the crisis isn't just external tesla is unraveling from within a wave of layoffs in 2024 slashed 15% of its workforce including factory workers and critical engineers who are now being scooped up by competitors like BYD Lucid and Rivian employees still with the company describe a toxic atmosphere of overwork and deteriorating conditions a stark contrast to the days when staff willingly clocked 100hour weeks for Musk's vision that vision they say is losing its luster production wos compound the chaos tesla's vaunted vertical integration building key components in-house once gave it an edge during
the 2020 2021 chip shortage now it's a liability while rivals forge new supply chains Tesla is shackled to outdated systems driving up costs and delaying deliveries the much hyped Model 2 a budget EV meant to reclaim market dominance is reportedly stalled and there's talk of disruptions in its rollout financially Tesla is bleeding first quarter profits this year hit a 5-year low despite a growing global appetite for EVs an alarming sign that the company is losing money even as demand rises musk once boasted that Tesla would profit through technology not volume but that promise is crumbling
the company's tech lead is slipping and its sales are tanking a strategy of aggressive price cuts once a competitive weapon has backfired buyers now delay purchases anticipating steeper discounts trapping Tesla in a vicious cycle where slashing prices fails to boost demand the result shrinking margins and a profit model on the brink of collapse musk himself is at the heart of Tesla's woes once a Silicon Valley deity he's morphed into a polarizing figure whose stridident political statements and Trump ties have alienated swaths of customers especially in progressive leaning Europe his focus on Space X Neuralink and
Twitter has left Tesla exposed as the EV market evolves without him the Cybert truck Tesla's only recent innovation flopped its quirky design safety concerns and steep price tag relegating it to a niche curiosity rather than the mass market savior Musk promised pre-order hype has fizzled with even diehard fans balking at a raw overpriced product the broader context is grim subsidies that once boyed Tesla are drying up in the US while Europe's new safety standards threaten the Model 3 and Model Y's future in key markets used Tesla prices are plummeting as owners flood the secondary market
desperate to unload their cars investors once willing to stomach losses for long-term gains are losing faith the Canadian tariffs triggered a stock slide but news of sales flops in Europe and China delivered the knockout punch analysts warned that without a dramatic turnaround Tesla's market cap could shrink further hobbling its ability to innovate or compete musk's response a defiant vow to fight back he's hinted at declaring a national emergency on electricity in the US to counter Canada's abusive threat threatening to jack up tariffs on Canadian cars entering the US starting April 2nd a move that could
permanently shut down their auto industry but this brinkmanship risks escalating an already dire situation critics argue Musk has been distracted too long missing the moment when Chinese and American rivals leapfrog Tesla employees customers and investors are jumping ship and the brand's once unassalable reputation is in tatters is this the sunset of Musk's empire tesla teeters on a precipice if Canada's tariffs hold it could vanish from that market entirely if competitors keep advancing it risks losing its industry crown and if Musk's reputation keeps tanking the exodus of loyalists could seal its fate the company that redefined
the future of transportation now faces a stark question can Musk pull off one more miracle or has Tesla passed the point of no return as vandals strike dealerships burn and Chinese giants like BYD tighten their grip the world watches to see if this is a temporary storm or the beginning of the end
