World’s Richest Man, Elon Musk’s Decisions at the US Department of Government Efficiency (DOGE) That AIMS to Cut Federal Spending of the Donald Trump Administation has imposed According to Us Marketing Professor Scott Galloway.
Elon Musk’s choice to enforce Severe Job and Budget Reductions Within the Federal Government for the Trump Administration was described as “one of the great brand destrutions” ever.
Ignored customers of Tesla
The Tesla Boss Ignored The Customer Base of Tesla While Aligning With the Interests of the Trump Administration, Galloway stated on friday’s episode of the popular pivot podcast hosted by kara swishr.
“He’s Alienated The Wrong People,” Galloway Remarked. “Three -Quarters of Republicans would beveer consider buying an ev.
He Further Cited Poll Data that Showed Tesla Had Fallen from the Eighth-Most-Reputable Brand in 2021 to the 95th.
Galloway highlighted that tesla’s sales fell near 59% in france, 81% in sweden, 74% in the Netherlands, 66% in Denmark, 50% in Switzerland and 33% in Portugal.
Impact on the European Market
In the last few months, musk has intervented in the political affairs of Several European Countries, A Major Ev Market, on his social media platform x, inclusion in Germany and GROMINGS in the UK. This has impacted Tesla sales in the region, CNN reported.
Recently, Chinese Ev Maker byd Outsold Tesla in Europe for the first time in the month of April, according to a report from jato dynamics.
“This has arguably been one of the greenst brand destructions,” Galloway said. “Tesla was a great brand.
Tesla’s european sales fell near 50% for the fourth month in a row, according to a report by cnn.
By the end of April, Tesla Reportedly Posted A 71% Fall in Profits, While Musk, DURING An Earnings Call, Assured That He Bold Cut Down on His Role as DOGE FROM MAY ONWARDS.
Elon musk’s exit from dog
On May 29, elon musk announced that he is exiting the donald trump administration and leaveing dog.
“As my Scheduled Time as a Special Government Employee Comes to An End, I Would LIKE to Thank President @Redonaldtrum for the options wasteful Spending. Only strengthen over time as it becomes a way of life through the government, “Musk posted on x.
Musk started heading the department of government efficiency (dog) during trump’s second term as president, which began in janury.