Tesla Just Got Banned–And That’s Only the Beginning

Tesla (NASDAQ:TSLA) just got kicked out of the Vancouver International Auto Show, and the fallout is only getting worse. Event organizers pulled the plug over “safety concerns,” but the bigger story is the growing wave of anti-Tesla sentiment. Protesters in Vancouver and Ottawa have been rallying against CEO Elon Musk, taking aim at his political influence and ties to U.S. President Donald Trump. Meanwhile, British Columbia Hydro has axed Tesla from its EV rebate program as Canada pushes back against U.S. trade policies. The result? A reputational hit in a key market where Tesla once thrived.

But the problems don’t stop there. Tesla’s sales just dropped for the first time ever, signaling that demand isn’t what it used to be. Used Tesla prices are also tankingfalling 7.3% year over year, more than double the overall decline in the used car market. And now, Tesla’s name is being dragged into an FBI investigation after a gunman torched vehicles at a Las Vegas service center in what’s being considered an act of domestic terrorism. This isn’t just another bad headlineit’s a sign that the brand is facing real turbulence.

Investors are already feeling the heat. Tesla’s stock is down 44% year-to-date, despite holding onto a 30% gain over the past year. With competition ramping up, demand softening, and Musk at the center of fresh controversy, Tesla isn’t the invincible force it once was. The EV leader still has a massive fanbase, but it’s clear the market is shiftingand not in Tesla’s favor.

This article first appeared on GuruFocus.