Beautiful Virgin Islands

Wednesday, May 13, 2026

Only 2 customers have abandoned Tesla since Elon Musk bought Twitter, says EV leasing firm CEO

Only 2 customers have abandoned Tesla since Elon Musk bought Twitter, says EV leasing firm CEO

Elon Musk's decisions since buying Twitter seem to have had minimal impact on Tesla's popularity, Octopus EV's Fiona Howarth told the Financial Times.
Elon Musk has become increasingly controversial since taking over Twitter last October, but specialist leasing firm Octopus EV says there's little evidence that his conduct has affected its sales of Tesla cars.

Just two of Octopus EV's Tesla customers — out of "well over 1,000" — switched to another make last year over Musk's decisions at Twitter, its CEO Fiona Howarth told the Financial Times.

While small, she said the dip was still worth noting, given how loyal Tesla customers have usually been. 

Three longtime Tesla owners recently told Insider that they're ditching their cars over Musk's actions at Twitter. 

Bob Perkowitz, a self-described former fanboy, said he hasn't bought a new Tesla because of Elon Musk's apparent right-wing views, his tumultuous Twitter acquisition, and his radical emphasis on free speech — which he fears will allow misinformation to spread more widely online. 

Investors in Tesla shares have also been voting with their feet in recent months. The stock was trading at its lowest level since August 2020 on Friday, leading one investor to question whether Musk was deliberately tanking the carmaker.

But it's not all down to Twitter. Tesla also fell victim to broader slumps in demand for electric vehicles last year, particularly in China — one of its largest markets. The company closed the year by offering discounts as prices for used Teslas plummeted.

Musk's net worth fell by $200 billion in 2022, per Bloomberg, in the biggest and fastest individual loss on record. 

Octopus EV, Tesla, and Musk did not immediately respond to requests for comment from Insider.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
The Great Western Exit: Why Best Citizens Are Fleeing the Rich World [PODCAST]
The New Robber Barons of Intelligence: Are AI Bosses More Powerful Than Rockefeller?
The End of the Old Order [Podcast]
Britain’s Democracy Is Now a Costume
The AI Gold Rush Is Coming for America’s Last Open Spaces [Podcast]
The Pentagon’s AI Squeeze: Eight Tech Giants Get In, Anthropic Gets Shut Out [Podcast]
The War Map: Professor Jiang’s Dark Theory of Iran, Trump, China, Russia, Israel, and the Coming Global Shock [Podcast]
Labour Is No Longer a National Party [Podcast]
AI Isn’t Stealing Your Job. It’s Dismantling It Piece by Piece.
Lawyers vs Engineers: Why China Builds While America Litigates [Podcast]
Churchill’s Glass: The Drunk, the Doctor, and the Myth Britain Refuses to Sober Up From
Apple issues an unusual warning: this is how your iPhone can be hacked without you doing anything
The Met Gala Meets the Age of Billionaire Backlash
Russian Oligarch’s Superyacht Crosses Hormuz via Iran-Controlled Route
Gunfire Disrupts White House Correspondents’ Dinner as Trump Is Evacuated
A Leak, a King, and a Fracturing Alliance
Inside the Gates Foundation Turmoil: Layoffs, Scrutiny, and the Cost of Reputational Risk
UK Biobank Breach Exposes Health Data of 500,000, Listed for Sale on Chinese Platform
KPMG Cuts Around 10% of US Audit Partners After Failed Exit Push
French Police Probe Suspected Weather-Data Tampering After Unusual Polymarket Bets on Paris Temperatures
News Roundup
Microsoft lost 2.5 millions users (French government) to Linux
Privacy Problems in Microsoft Windows OS
News roundup
Péter András Magyar and the Strategic Reset of Hungary
Hungary After the Landslide — A Strategic Reset in Europe
×