What damage is Elon Musk doing to Tesla’s shares and sales?

In the first part of this week’s episode of Inside Business, we look at Tesla and the backlash against the vehicle car maker this year because of Elon Musk’s association with Donald Trump.

Sales in Europe have slumped while its share price has shed 24 per cent of its value year to date. That amounts to about $800 billion of market value being wiped out.

In addition, there have been many protests and reports of Tesla’s being vandalised.

To add to the mix, Chinese rivals have also upped their game.

Neil Briscoe is a motoring journalist and writes for the Irish Times. He’s been covering Tesla since the get-go and joined host Ciarán Hancock on the line to discuss the issues affecting the company.

Also on the show, Eoin Burke Kennedy, economics correspondent of The Irish Times, discusses new data on house prices from Daft.ie after it published its latest quarterly report. It doesn’t paint a pretty picture for anyone seeking to buy a home, with house price pressure reaching an eight-year high and the number of second-hand properties available for sale at lowest level since 2007.

Produced by John Casey with JJ Vernon on sound.

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