Elon Musk’s proximity to Donald Trump and his embrace of Europe’s far-right have sparked a historic consumer backlash against Tesla.

The current backlash against Tesla across the U.S. and Europe likely has no comparison in the history of the automobile industry, the bank warned, slashing its first-quarter delivery forecast to 355,000 vehicles and reducing its price target to $120 per share.
Once again, Tesla CEO Elon Musk may have made history, though it’s not the kind of record he likely was aiming for this time.

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