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Salon
Salon
Politics
Daria Solovieva

Investor: Musk politics affecting Tesla

Tesla Inc. Elon Musk Ross Gerber United States Donald Trump SP

Elon Musk's outsized role in the Trump administration is taking a toll on Tesla, according to an investor in the electric vehicle company that Musk has led since 2008.

Facing a global sales downturn, Tesla lost its trillion-dollar market cap status last month, with shares declining 28% in February. It marked Tesla's second-worst month on record, surpassed only by its 37% decline in December 2022.

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