Tesla Investors Jump Ship: Former Die-Hard Fans Sell Their Shares
2025-03-21
The Wall Street Journal
Some former Tesla enthusiasts, like Michael Hanna, are selling their shares due to concerns over Elon Musk's behavior, particularly his involvement with the Trump administration. Hanna, who once had 25% of his portfolio invested in Tesla stock, has joined a growing number of investors reevaluating their stakes in the electric vehicle company. As the automotive industry continues to evolve, investors are considering alternative options, such as sustainable energy stocks and electric car manufacturers. With the rise of eco-friendly investing, some are opting for more socially responsible investments, leading to a shift in the market. Tesla's stock performance and Musk's leadership are under scrutiny.