Tesla stock has had more than its fair share of pops and drops.The company's CEO, Elon Musk, has won equal praise and criticism for his efforts and mercurial nature, and as a result, Tesla's stock price has taken a roller coaster ride over the past decade.⏰Get expert insights and actionable trade alerts from veteran investing experts and hedge fund managers.
Join TheStreet Pro today and get first month FREE 🤑Elon Musk's fans celebrate his seemingly single-handedly hoisting the electric vehicle market on his back and thrusting EVs into the mainstream. His detractors complain of broken promises, including launch timelines for new models and ever-elusive autonomous vehicles.Lately, the debate has become more tense following his decision to spend hundreds of millions supporting President Trump's election bid and his new role as head of the Department of Government Efficiency, or DOGE, an organization in the executive branch tasked with cutting costs.
Related: Elon Musk is dealt a devastating legal blow that may set him backMusk's political role has raised questions among once-loyal supporters worldwide who historically leaned toward the left. This has resulted in sagging Tesla sales in key markets in Europe, China, and states like California.As a result, Tesla shares have endured a reckoning.
After rising over 60% in 2024, they've tumbled by 45% from December's peak, including a 35% drop in 2025.The sell-off has led many investors to wonder if Tesla's stock is likely to conti.
