According to a Brand Finance report, Tesla’s brand value dropped by approximately $15 billion in 2024, marking a 26% decline from the previous year. This brings its total brand worth to $43 billion, placing it behind top automotive brands like Toyota and Mercedes-Benz. The decline stems from an aging electric vehicle lineup, rising EV competition, and Elon Musk’s controversial public image, which has impacted consumer trust and brand perception.
With Tesla stock trends, EV market competition, and luxury electric cars evolving, Tesla’s vehicle innovation has slowed, causing stagnation in global sales growth, including in […]
