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"Consumers all over the world are sick of Elon Musk's attempt to promote dangerous far-right leaders, policies, and movements," said one advocate.
On the heels of the news that Tesla CEO Elon Musk's investment of $20 million in the Wisconsin Supreme Court race—including offers of $1 million checks to individual voters—didn't manage to swing the election in the Republican Party's favor, the Trump administration adviser's electric car company learned of more trouble: Tesla's global sales declined by 13% in the first quarter of 2025, dropping to their lowest point in nearly three years.
The plunge in sales was evident across markets, even in countries where Musk hasn't sparked outrage by embedding himself into politics by bankrolling and supporting far-right candidates and groups.
In Norway, The New York Times noted, electric cars account for more than 90% of new car sales—but among Norwegians, whose prime minister recently rebuked Musk's involvement in the political systems of Germany and the U.K.—Tesla sales have nearly matched the global trend so far this year, declining by more than 12% in the first quarter.
Sales in other European countries were even more dire in the first three months of 2025—down 41% in France, 50% in the Netherlands, and 55% in Sweden, where consumers have Musk's anti-labor practices to contend with in addition to his political activities in Europe.
Sweden's largest insurer said Wednesday it had sold its $160 million stake in Tesla after investing in the company since 2013, saying Tesla's workers' rights position violates its investment guidelines.
"The American people have gotten a crash course in what happens when the richest man in the world gets the keys to our country."
Musk, whose net worth is $386.6 billion, has long refused to sign a collective bargaining agreement with fewer than 200 mechanics in Sweden to ensure they earn a fair wage. Unionized mechanics in the country have been on strike for over a year.
One Norway Tesla owner told the Times that he "would never drive a Tesla again."
"It's a question of ethics," said urban planner Geir Rognlien Elgvin.
After pouring nearly $300 million into the 2024 elections in the U.S. to help President Donald Trump and other Republicans get elected, Musk has spent the past two months boasting of his push to cut public spending and government jobs—attacking the popular anti-poverty Social Security program as a "Ponzi scheme"; gutting the Department of Education, the Consumer Financial Protection Bureau, and other federal agencies; and pushing tens of thousands of civil servants out of their jobs through the Trump-created advisory body the Department of Government Efficiency (DOGE).
Adam Zuckerman, senior clean vehicles campaigner with government watchdog Public Citizen's climate program, said Wednesday that Tesla's most recent sales numbers illustrate how anger over Musk's activities—which has also been expressed with protests at Tesla dealerships—extends past U.S. borders.
"Tesla's plummeting sales show that consumers all over the world are sick of Elon Musk's attempt to promote dangerous far-right leaders, policies, and movements," said Zuckerman. "They are fed up with DOGE's effort to gut life-saving services and aid. Consumers want electric vehicles, not cruelty, fascism, racism, and neo-Nazism. Unless Musk changes course, Tesla sales will continue to decline."
A poll by Yahoo News and YouGov late last month found that two-thirds of Americans said they would not drive a Tesla, with a majority saying Musk himself was the reason for their distaste.
"Musk is driving our country into the ground," said Zuckerman when the poll was released. "If he continues, he could take Tesla and America's urgent transition to an electric future with it."
Tesla's plummeting sales contrast with global electric car sales overall, which are on the rise. Ford Moter, BMW, and Mercedes-Benz are among the automakers planning to soon introduce new electric vehicles.
"Previously consumers might have struggled to find other options than Tesla that really competed," Will Roberts of research firm Rho Motion told the Times. "That's now not the case."
Trump has attempted to shore up his benefactor and ally's company, holding an event on the White House lawn last month during which he praised Musk's electric cars and condemned protests at Tesla dealerships. He also suggested people who are turning away from Tesla are "Radical Left Lunatics" who are "trying to illegally and collusively boycott" the car company.
His administration has since doubled down on threatening people for vandalizing the cars or dealerships, with the president saying he would send them to El Salvador, where hundreds of people accused of being gang members have been sent to a prison in recent weeks.
But despite the show of loyalty, Trump was reportedly considering pulling back on Musk's front-and-center presence in the administration Wednesday.
Economic justice group Groundwork Collaborative said Musk's impending exit—which Trump denied was coming—is likely in response to Musk proving "to be a liability," but cautioned that rights advocates will still have to fight the Trump agenda even without Musk in the White House serving as a "special government employee."
"The American people have gotten a crash course in what happens when the richest man in the world gets the keys to our country," said Lindsay Owens, executive director of the group. "Musk's threat to Social Security, Medicare, and Medicaid has pushed consumer confidence to new lows. Businesses are pulling back on investments, and markets have plunged. Americans can now celebrate Musk's exit."
"But Musk's ouster is only the first step in achieving true liberation," said Owens. "He is a symptom of a broader disease, which is that billionaires are tightening their grip on our democracy. To cure the disease, we must put our power back in the hands of the people."
In the end, despite major victories for the fossil fuel industry in recent days, Elon Musk's very bad week shows there's possibly a much brighter future ahead for the rest of us.
It must have seemed like a huge week for the fossil fuel industry: as the Wall Street Journal put it yesterday (and you could sense the headline writer’s glee), “The fossil fuel industry gets its revenge on green activists.”
The oil-and-gas industry is landing blow after blow against climate activists.
The Trump administration has cranked out approvals of major projects to ship liquefied natural gas from the Gulf Coast and killed a host of climate-related initiatives. Meanwhile, Texas billionaire Kelcy Warren has won a nearly $700 million verdict against Greenpeace that could spell the end of the group’s U.S. presence.
Hell, the Trump administration is trying to resurrect coal, and in what’s doubtless considered a back-slapping prank around the West Wing it just named a fracking executive to run the Department of Energy’s renewables office. Meanwhile, Musk’s vandals fired the quite brilliant chief scientist at NASA, doubtless because her work involved protecting the planet’s climate—Katherine Calvin was, among other things, the head of Working Group III of the Intergovernmental Panel on Climate Change, so good sport to Jackie Robinson her.
All of this is deeply stupid and damaging. And yet, despite all that, there must have been a few shivers that ran down the spines of both Elon Musk and oil executives last week when they read a piece of news from China.
Here’s the story, as told by Bloomberg. Chinese automaker BYD (their slogan, at least in English, is ‘Build Your Dreams”) announced on Tuesday that its new cars—available in April for $30,000 if you’re in a place where you can buy one—will recharge in five minutes. Or, roughly, the time it takes to fill your tank with gasoline.
From “more features for no more price” and “smart driving for all,” BYD can now add “charging as fast as refueling” to its marketing slogans, potentially helping it to capture more share from legacy automakers and more direct rivals like Elon Musk’s Tesla Inc.
How did they do this? Here are a bunch of words I don’t fully understand:
BYD cites its “all liquid-cooled megawatt flash charging terminal system.”
In addition, to match the ultra-high power charging, BYD has self-developed a next-generation automotive-grade silicon carbide power chip. The chip has a voltage rating of up to 1500V, the highest to date in the car industry.
In tandem, BYD on Monday launched its flash-charging battery. From the positive to the negative electrode, the cell contains ultra-fast ion channels, which BYD says reduces the battery’s internal resistance by 50%.
There’s also a mass-produced 30,000 RPM motor. Luo Hongbin, BYD senior vice president, said the motor “not only significantly boosts a vehicle’s speed, but also greatly reduces the motor’s weight and size, enhancing power density.”
But I can translate it into English. BYD did not waste its time giving Nazi salutes. It didn’t buy a social media platform so it could make obscure marijuana jokes and make fun of poor people. It didn’t devote itself to helping a nincompoop win the presidency and then decide it would be exhilarating fun to fire a bunch of government workers. Instead, BYD did, you know, engineering.
It’s gotten so bad that even true believers like Dan Ives, one of Tesla’s biggest shareholders, have suggested Musk might want to go back to, you know, work.
It must sting for Musk to watch that kind of progress, especially on a week when he had to recall all 46,000 cybertrucks (and thus disclose for the first time that he’d only sold 46,000 cybertrucks) in order to keep them from dropping parts on the road. It turns out they’d stuck the trim on the plug-ugly things with the wrong glue—now they’re going to replace it with an adhesive that is “not prone to environmental embrittlement.” When owners drive their sad vehicles back to the dealers for repairs (not during a rainstorm, because that apparently causes rusting), they’ll likely encounter one of the hundreds of protests that have broken out across the country. (I confess to being quite proud of my sign at our local demonstration last Saturday)
It’s gotten so bad that even true believers like Dan Ives, one of Tesla’s biggest shareholders, have suggested Musk might want to go back to, you know, work. I mean, Musk has cut the value of his company in half in the last couple of months. But never fear—last night he assembled the company’s workers for a pep talk. Robo-taxis coming soon! As they have been since 2016!
But if the BYD announcement was a reminder that Musk is a poseur, the deeper threat probably comes for Big Oil. Because if you can put 400 kilometers worth of juice in a car in five minutes, the last even slightly good reason for buying an internal combustion vehicle vanishes. Yeah, you still need a fast charger—and BYD is building 4,000 of them across China. But it feels like writing on the wall: Chinese demand for gasoline dropped in 2024, and analysts see it going down almost five percent a year between now and 2030. As the International Energy Agency explained last week,
Electric vehicles currently account for about half of car sales in China, undercutting 3.5% of new fuel demand in 2024... China has been providing subsidy support to purchases of so-called “new energy vehicles” (NEVs) since 2009, promoting its automotive manufacturing industry, and reducing air pollution. A trade-in policy, introduced in April 2024 and expanded in 2025, continues to drive growth in China’s EV sales. Meanwhile, highly competitive Chinese automakers are also making gains in international markets.
America’s oil companies decided they could make more money from fossil fuel than from embracing renewables—they’ve decided to let the Chinese win the solar energy battle, reckoning that they can use their political power to keep the world hooked on hydrocarbons. In some ways it’s working—they helped buy Trump his presidency and he’s giving them what they want. In particular, he’s been shaking down foreign countries to buy more of their Liquefied Natural Gas to avoid tariffs.
But oil is a global commodity, and the perfect example of marginal pricing. If China is going to be using less gasoline—well, the price of oil is going to drop. That’s bad news for American producers—as Trump’s biggest industry fundraiser Harold Hamm explained
U.S. shale needs much higher oil prices than $50 per barrel, and even higher than the current WTI Crude price in the high $60s, for a “drill, baby, drill” boom, oil tycoon and Trump campaign donor Harold Hamm told Bloomberg last week.
“There are a lot of fields that are getting to the point that’s real tough to keep that cost of supply down,” Hamm told Bloomberg Television in an interview.
The fracking revolution is wearing down—wells are sputtering towards empty faster than expected, and if prices are depressed it will make less economic sense to drill baby drill, no matter what our new king demands. As David Wethe and Alix Steel reported his week
Shale operators are slowing production growth after years of drilling up their best locations. At this week’s CERAWeek by S&P Global energy conference in Houston, executives for some of the largest US shale companies forecast US oil production will peak in the next three to five years.
I’m beginning to think you can imagine a world where the U.S. builds tariff walls around its borders, prevents the easy development and spread of technology like EVs and heat pumps, and manages to become an island of internal combustion on an increasingly electrified world. That’s a depressing vision, though nowhere near as depressing as the U.S. imposing that vision on the rest of the world, something that’s going to get harder: if you were any other country (Canada, say) would you tie yourself to the U.S. for any critical product? If you had a choice? And everyone has a choice, because the sun shines and the wind blows everywhere. As the economists at IEEFA said this week, even the expensive “just energy transition partnerships” with emerging Asian nations may survive Trump’s desertion.
Given the current U.S. administration’s priorities and ambitions to “drill, baby, drill” for oil and gas, the withdrawal from JETP can be viewed as favorable for the energy transition. The program’s complexities and transformative potential demand the involvement of a “coalition of the willing.” The original countries (including the European Union), private sector partners, and philanthropies still support JETP and want to realize the mechanism’s potential. In the case of Indonesia, Germany has quickly stepped in to fill the U.S.’s vacated leadership role. Japan has reaffirmed its co-leadership role and remains committed to Indonesia’s USD20 billion JETP. Despite the U.S. exit, critical financing and support for the program remains.
Here’s a great interactive map from the New York Times of what the solar and wind boom looks like from outer space. It shows the burst of development in China—but also Turkey. And it doesn’t even capture the small-scale home by home and factory by factory spread of solar that seems to be speeding up exponentially over the last year.
It may even be hard to stomp out all this goodness here at home. Case in point: the Utah (!) legislature this week became the first in the country to (unanimously!) pass a law enabling “balcony solar,” the small-scale arrays that brought solar power to a million and a half German apartments last year.
The legislation exempts these systems from several requirements:
Plug and play, baby!
Indeed, if you want a sign for the future, here’s one: Chinese authorities are pulling back on a plan to let BYD build a new car plant in Mexico. Why? Because they’re afraid that people like Musk—an unimaginative pol, not an engineering genius—will steal their cool new tech.
Those respective authorities in China fear that BYD’s advanced (and in many cases, leading) technology could more easily end up in the possession of US competitors through Mexico, as the US neighbors to the south would gain unrestricted access to the Chinese automaker’s technology and production practices. Those powers went as far as to suggest that Mexico could even assist the US in gaining access to BYD’s technology.
It’s bad news for America that our country has lost its technological edge. It may be good news for the planet, though.
Hochul’s decision to delay the implementation of New York’s Cap-Trade-and-Invest Program is a deeply misguided one that ignores the connection between the climate crisis and our city’s affordability crisis.
“Mom, there’s smoke coming from the Palisades!” Those were the words my 15-year-old son yelled to me last fall as he gazed out our apartment window in Upper Manhattan, overlooking the Hudson River. Looking over, there was indeed a plume of smoke rising across the river. By the next day, our apartment building smelled like a campfire. Over the following week, I read urgent social media posts from neighbors about brush fires in nearby Inwood Hill and Fort Tryon Parks. It felt dystopian, out of place for New York. The experience reminded me of talking with my young niece in the Bay Area, who once matter-of-factly told me that she couldn’t play outside because the air quality was bad. That wasn’t so unusual for California. But experiencing it here in New York? That was something entirely new.
Those fires of November 2024 made clear something we as New Yorkers have been largely ignoring since Superstorm Sandy: The frontlines of the climate crisis have reached the Big Apple. Given that urgency, Gov. Kathy Hochul’s decision in January to delay the implementation of New York’s Cap-Trade-and-Invest Program (NYCI) is deeply misguided. It’s a shortsighted decision with no political upside that ignores the connection between the climate crisis and our city’s affordability crisis. It is imperative that the governor quickly reverse course.
Back in 2019, New York leapt to the fore in setting ambitious benchmarks for greenhouse gas reduction and a just transition to a renewable economy. New York’s landmark Climate Law set out a process for this transition, and the law is now a model for other states and helped inspire former President Joe Biden’s climate policy.
Just as planting a tree is an act of faith in the continuity of community, investing in a livable, sustainable future for all New Yorkers is keeping a promise to our children, who will reap the benefits for generations to come.
But now we’re playing catch-up: Our state is failing to hit its emissions targets. Add to that a hostile presidential administration that largely denies the existence of the climate crisis, and is resolutely committed to investing in polluting fossil fuels, and you’d think the governor would step up to the plate. But instead, Gov. Hochul is retreating into a corner at the worst time.
Cap-and-invest policies are popular and effective. As recently as this past November, voters in Washington State voted overwhelmingly to continue their state’s cap-and-invest program. Why? Because Washingtonians saw the benefits of cap-and-invest in their everyday lives: greater access to affordable and free public transit; cleaner air in and around schools with zero-emissions school buses and efficient HVAC systems; and lower energy bills for low-income households and small businesses, who receive support for upgrading their gas furnaces to efficient electric alternatives. California, whose cap-and-invest program has been in place for over a decade, has seen even greater benefits thanks to the more than $26 billion that the law has generated.
New York has been part of a regional cap-and-invest program since 2009 called the Regional Greenhouse Gas Initiative (RGGI). RGGI has cut power plant pollution by 50% in participating states and generated over $2 billion in revenue in New York alone. The proceeds funded job creation, air pollution monitoring in affected communities, and the installation of over 4,000 electric vehicle charging ports.
By refusing to implement NYCI, Governor Hochul is depriving our state of at least $2 billion in additional annual revenue. NYCI would support thousands of new jobs. It would facilitate new efficient electric heat pumps for homes across the state, which would save the average household $1,000 per year in energy bills. It would enable the buildout of EV infrastructure and empower communities to develop and implement a range of local clean energy initiatives. And at a time when the Metropolitan Transportation Authority is facing a severe budget shortfall, NYCI would help make public transit more efficient, accessible, and reliable. All of that would reduce pollution—meaning a cleaner future for all.
NYCI isn’t free. But the costs of the program pale in comparison to the price we pay for climate-fueled extreme weather events and the health effects of fossil fuel pollution. We also know that the costs of inaction in New York State far outpace the costs of meeting our 2030 and 2050 emissions targets—by $115 billion.
Implementing NYCI isn’t just a financial issue, it’s a moral one. As someone organizing for climate action within my Jewish community, I often turn to Jewish tradition for inspiration. I think about a Jewish folk tale, about an old man planting a fig tree. When a passerby skeptically asks him if he expects to live long enough to consume the fruits of his labor, the old man replies, “My ancestors planted for me, and now I plant for my children.” Just as planting a tree is an act of faith in the continuity of community, investing in a livable, sustainable future for all New Yorkers is keeping a promise to our children, who will reap the benefits for generations to come.
It’s time for Gov. Hochul to avoid further inaction and implement the NYCI. At a time when the costs of climate action have never been higher, Gov. Hochul should take responsibility and lead New York toward a just transition toward a cleaner future.