Although Elon Musk-led Tesla (TSLA) initially sourced to new record highs following the reelection of President Donald Trump, the last few months have been a nightmare for TSLA stock.
Trading almost at a more-than-50% discount to its 52-week high, Tesla shares are down 40% on a year-to-date basis. Concerns around tariffs, heightened competitive intensity from Chinese companies, dwindling sales, and Musk’s distractions with the Department of Government Efficiency are all contributing factors that have led to the freefall.
