Tesla lost all its gains since Trump’s victory

After reaching a peak of $479.86 in December, Tesla’s stock value has experienced a meteoric rise since the election of Donald Trump, when the stock was trading at around $290.78.

Since then, Tesla Inc. has returned to its initial level, settling around $290.13, thus regaining its price at the close on November 5.

A question arises: have Musk’s escapades, criticized for his impulsive reactions within the government and his massive cuts despite his lack of an electoral mandate, precipitated this fall?

At the official inauguration of Trump in January, Tesla’s stock was at $424.07 on January 21. 

However, Elon Musk’s controversial decisions within the government and DOGE have plunged the company into a storm that is reflected in its stock price. 

If the trend continues, the decline could even bring the stock below its level before Trump’s victory.

Since the election of Donald Trump, Tesla sales in the United States initially increased, supported by investor enthusiasm. 

However, Elon Musk’s controversial political engagement in the United States, as well as his support for far-right figures in several countries, including Germany, has led to a rapid decline in demand.

Globally, Tesla recorded a 1.1% decrease in sales in 2024, marking the first decline in a decade. 

In Europe, sales dropped by 45% in January 2025, attributed to Musk’s political positions.

As the company was already preparing to face a difficult phase against the rise of competing brands in the electric vehicle sector, many potential buyers are now turning to other options, refusing to associate their purchase with the CEO’s values.