Overview
- Tesla's stock has dropped approximately 35% since President Trump's inauguration, driven by declining sales and backlash against Elon Musk's dual leadership roles.
- Musk's position as head of the Department of Government Efficiency (DOGE) has polarized public opinion and contributed to protests and vandalism targeting Tesla vehicles.
- Some lawmakers, including three Democrats and one Republican, have recently purchased Tesla stock, viewing its reduced price as a potential value opportunity.
- Critics, including investors, have called on Tesla's board to address Musk's controversial actions and their impact on the company's brand and market performance.
- Questions persist about Tesla's reliance on government subsidies and its ability to compete in a crowded electric vehicle market without such support.