Elon Musk’s recent controversial moves put Tesla in a difficult position.

Elon Musk said he would not refrain from writing tweets that were said to be controversial even if it affected himself and his business.

In a 2023 interview with CNBC, Musk was asked if his controversial tweets could alienate potential Tesla customers or advertising brands on X.

Musk immediately replied bluntly: “I will say what I want. If the consequence is to lose money, then go for it.”

Elon Musk’s answer spread again after the richest billionaire on the planet was constantly entangled in political controversies as a close adviser to US President Donald Trump. A wave of boycotts and vandalism of Tesla vehicles is taking place in the US and Europe.

Since Elon Musk stepped into Donald Trump’s administration as a close adviser to the US president, Tesla shares have fallen for seven consecutive weeks, closing the session at $270.48 per share on March 7. This is the longest losing streak of Tesla shares since the company went public in 2010.

In February, Tesla shares fell 28% compared to the previous month, marking the biggest monthly decline since December 2022. As a result, Elon Musk’s net worth also fell by more than $100 billion in the month to $312 billion to date, according to Bloomberg’s billionaire index.

In a statement on March 11, Mr. Trump said he would buy a Tesla to support Musk. In a post on Truth Social, Mr. Trump claimed that “extreme leftists” are trying to “illegally boycott Tesla.”

Despite the above negative developments, in a recent post on X, Elon Musk still expressed confidence in the long-term prospects of the world’s largest electric car company.