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Fortune

Prarthana Prakash

Elon Musk’s backing of Donald Trump is hurting Tesla’s struggling EV business in Europe

Elon Musk Donald Trump Tesla Inc. United States Europe Republican Climate Change Fortune

elon musk speaking on stage (Credit: Richard Bord—WireImage)

Elon Musk has never shied away from controversy—whether that’s on AI’s threat to society, reinstating once-banned X (formerly Twitter) accounts, or, more recently, his endorsement of Republican presidential candidate Donald Trump.

While many of Musk’s controversial thoughts eventually fizzle out, his support for Trump is having a tangible impact on his EV company, Tesla, in Europe.

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