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Barchart
Mohit Oberoi

As Elon Musk and Donald Trump Race to Provide Support, Is the Worst Over for Tesla Stock?

Elon Musk Donald Trump United States Tesla Inc.

With a YTD loss of nearly 39%, Tesla (TSLA) is the worst-performing constituent of the S&P 500 Index ($SPX). The stock fell almost 30% in February to wrap up its second worst month on record. The only time it fared worse was in December 2022, when concerns over CEO Elon Musk getting distracted from the company following his acquisition of Twitter (since renamed X) worsened the selloff.

Meanwhile, Tesla is now down 50% from its record highs and has also fallen out from the $1 trillion market cap club that it rejoined following President Donald Trump’s reelection.

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