Tesla's Stock Price Plummets Amid Elon Musk's Growing Unpopularity
Tesla stock has nearly given up all its gains since President Trump’s election win, as Elon Musk’s forays with politics have investors wondering where the CEO’s attention lies. Tesla stock is down 28% year to date this year — and has nearly given up all its gains since President Trump’s election win on Nov. 5. The stock hit a closing high of $479.86 on Dec. 17 and has slid ever since, tumbling below the $1 trillion market cap level as well.
- Elon Musk's increasing focus on politics, particularly his involvement with far-right movements, may be alienating Tesla's existing customer base and deterring potential buyers.
- Can Tesla recover from its current slump by leveraging its innovative product offerings, such as the refreshed Model Y and upcoming affordable EV, before investor confidence in the company is irreparably lost?