Elon Musk's Politics Cost Tesla Over 1 Million In Car Sales In US, Boosted Rivals' Sales By 22%: Study

Benzinga

An NBER study estimates Elon Musk’s right-wing politics cost Tesla up to 1.26M U.S. sales from 2022–2025, while rivals gained up to 22%. Despite controversy, Tesla’s Model Y remained Europe’s top seller in September.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02A new working paper for the National Bureau of Economic Research claims Elon Musk's right-wing politics

00:07cost Tesla up to 1.26 million U.S. vehicle sales between October 2022 and April 2025.

00:14They also found the competing automaker sales rose 17% to 22% over the same time frame.

00:19Musk, a local supporter of right-wing politics,

00:22reportedly donated over $250 million to Trump's 2024 campaign

00:25and led the Doge, a group aimed at cutting federal spending.

00:29The study follows recent criticism of Musk's pay package and political ties,

00:33while Tesla's Model Y remained Europe's best-selling vehicle in September,

00:36despite falling sales in Italy.

00:38For all things money, visit Benzinga.com.

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