
Tesla (TSLA) stock has been a rollercoaster ride following the U.S. presidential election in November 2024. It has cratered from its highs in 2025 as investor optimism about CEO Elon Musk’s government involvement turned into deep pessimism. However, the stock is still above the levels it used to trade at in 2023 and in 2024 before the election. The difference is that revenue growth has turned into revenue decline and profits have cratered.
Despite this, retail investors continue to flock to the stock in record numbers.