Why Tesla's stock has given up nearly all of its Trump election gains

[question everything]

Tesla (TSLA) CEO and Department of Government Efficiency (DOGE) head Elon Musk is asking government employees to submit what they have accomplished in the past week. Tesla investors would like to ask Musk the same question.

Tesla stock is down 30.2% year to date this year — and has nearly given up all its gains since President Trump’s election win on Nov. 5 (the stock closed at $251.44 on Election Day). 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. Tesla shares closed down another 3% on Thursday.

Tesla stock surged after the election of Trump, as Musk tied himself to the now-president in what some have called a “bet for the ages.” Musk’s closeness to the White House led him to create and become the nominal head of the DOGE initiative. Having the ear of the administration, of course, has been seen as a positive thing for Tesla — largely because it will be easier to overcome the regulatory hurdles the company faces with getting its self-driving and autonomous technology approved for wider use. But after Tesla stock hit that closing high on Dec. 17, the stock has tumbled 40%.

Among the reasons: The company’s fourth quarter earnings and deliveries were lackluster, and full-year deliveries fell for the first time in the company’s history. Earlier in January, one of Tesla’s autonomous features was probed by NHTSA, adding to other ongoing investigations into self-driving; the polarizing Cybertruck was discounted and facing likely demand issues; and most recently, the company saw European sales tumble in January.

One big culprit is CEO Elon Musk's behavior. His political activity, both in the US with DOGE’s controversial moves and abroad, where Musk’s embrace of far-right political movements, is likely alienating wide swaths of the public, current customers, and potential Tesla buyers. In addition, Musk’s forays with politics have investors wondering where the CEO’s attention lies.

https://finance.yahoo.com/news/why-teslas-stock-has-given-up-nearly-all-of-its-trump-election-gains-134617725.html

[S/V Loner]

1. The only reason I can rationalize why the Board of Trustees...

don’t have him removed as the CEO is because they stand to make more money personally from him than from their role as a trustee for Tesla and its stockholders.

[Bernardo de La Paz]

2. Whole stock market same thing. SP500, Dow, Nasdaq all closed between Nov 5 & 6 closes. tRump bump is zero and

tRump bump is risking going negative. Perhaps a tRump dump