Tesla’s (TSLA) stock is in the midst of its longest losing streak since going public 15 years ago, with shares falling for seven consecutive weeks since Elon Musk joined President Donald Trump’s administration. The EV stock currently trades near $225, down more than 50% from its all-time highs.
Since peaking at $488.54 in mid-December, Tesla has shed over $800 billion in market value, prompting several major Wall Street firms, including Bank of America, Goldman Sachs, and Baird to cut their price targets on the company.
