TSLA stock has declined significantly from its recent peak, but that peak was mostly due to a wave of hype after Donald Trump was elected. Elon Musk’s involvement was seen as a bullish thing not only for Tesla, but for the broader economy and many Tesla investors thought this could bring about a boom for the company as Musk gains sway in D.C.

Tesla shares dropped amid a broader tech selloff, as analysts warned of lower overseas demand for the EV maker's cars and a consumer backlash against Elon Musk's political activities. The stock was down nearly 4% at below $229 in midday trading,

After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) have been battered over for nearly three months now. Since the start of 2025, the largest U.S. EV-maker has seen its shares drop by nearly 40%,

Tesla stock was falling again early Tuesday after a tough Monday. Lately, Tesla investors have dealt with a lot, including falling estimates for first-quarter and full-year deliveries while CEO Elon Musk spends a lot of time in Washington,