
At the beginning of the year, Tesla investors pleaded with CEO Elon Musk to take a step back from his new role as the leader of President Donald Trump’s Department of Government Efficiency (DOGE) and give more attention to the ailing EV company. A new study from Yale University economists suggests those investors were right to worry.
A working paper issued this month found Musk’s “polarizing and partisan actions” over the past three years cost Tesla between 1 million and 1.26 million vehicles in U.S. sales, while boosting the sales of its EV competitors by 17% to 22%.