Tesla stock is Lee Doplummeting.
Elon Musk's EV car company had its worst day on the stock market since September 2020. All of Tesla's post-election gains on the market have been completely wiped out.
Musk broke his silence after the markets closed on Monday.
This Tweet is currently unavailable. It might be loading or has been removed.
"It will be fine long-term," he saidin a reply to a user referencing the biggest single-day drops in Tesla stock history.
While Musk attempts to calm investors, it's clear that Tesla may very well be in trouble.
Tesla is currently facing a large boycott campaign over Musk's ties to President Donald Trump and the far-right. Musk's advocacy for Trump may have been good for his companies in the short term right after the election, but it appears Trump's presidency has been unpopular so far – at least with Tesla's potential consumer base.
Musk directly getting involved as a special government employee with the Trump administration's DOGE has put the Tesla CEO directly involved with dismantling government agencies and programs that many people in the U.S. and around the world depend on.
As a result of all of this, Tesla's sales have been droppingglobally, with dramatic decreases in Tesla purchases as high as 76 percent in some countries like Germany. Tesla owners have been reportedly sellingtheir vehicles to avoid being mistaken as a supporter of Musk's politics.
Protests have been popping uparound the world at Tesla's showrooms. The situation has been escalating to the point where people are vandalizingTesla vehicles and charging stations to show their disapproval of Musk.
President Trump is now stepping in to defend Musk and Tesla directly.
On Monday night, Trump declared that activists were trying to "illegally and collusively boycott Tesla," which Trump called Musk's "baby."
"I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American," Trump said.
Mashable notes that as of Tuesday morning Trump has offered up no evidence that he followed through with his pledge to buy a Tesla vehicle.
As for Musk, he's spent the day personally thankinghis fans, such as conspiracy theorist Alex Jones, for voicingtheir supportfor Tesla on his social media platform X.
"I FULLY, 1000 PERCENT SUPPORT DOGE AND I AM BUYING MORE TESLA STOCK!!" postedcomedian Rob Schneider.
Musk replied to Schneider with a heart emoji.
This Tweet is currently unavailable. It might be loading or has been removed.
Topics Electric Vehicles Tesla Donald Trump Elon Musk Politics
Best tablet deal: Get the Google Pixel Tablet for $120 off at Amazon
The Time of Return
CATL profit growth slows in 2H amid fierce competition · TechNode
'Dune: Part Two' review: Denis Villeneuve's sci
NYT Connections Sports Edition hints and answers for May 19: Tips to solve Connections #238
Volkswagen China names new technology chief to step up EV, software rollout · TechNode
miHoYo’s Genshin Impact records lowest complaint handling rate in Q4 2023 · TechNode
Volkswagen China names new technology chief to step up EV, software rollout · TechNode
![Creator job opportunities grew 7x in recent years [April 2025]](http://n.sinaimg.cn/news/transform/200/w600h400/20190317/VY6J-hukwxnu6424990.jpg)
Creator job opportunities grew 7x in recent years [April 2025]
29 best thriller movies on Netflix
Today's Hurdle hints and answers for May 5, 2025
Dipsea, Quinn, and others: Your guide to audio erotica
Get iOS 17.5.1 now to fix an iPhone bug that restores deleted photos
BYD Q4 profit declines amid rising competition and investment push · TechNode
Exceptionally rare radio sources detected in the distant universe
Tesla shares plunge to nine
BMW launches China
CATL profit growth slows in 2H amid fierce competition · TechNode
Trump tells '60 Minutes' that climate change will 'change back again'
Sonos launches its first
Redux: Maya Angelou, Denis Johnson, and James Schuyler by The Paris ReviewBest Black Friday robot vacuum deals 2023Art and Biology: Ernst Haeckel’s MasterpiecesNarcissism and Pleasure: An Interview with Yvonne Rainer by Robert StorrNew York is offering free abortion pills at 4 sexual health clinicsNYT's The Mini crossword answers for November 18TikTok knows you're using it as a search engine. It's even made an ad.How Boygenius went from indie supergroup to internet darlingsThinx class'The Ballad of Songbirds and Snakes' didn't need that President Snow voiceoverAirPods Max Black Friday deal: $449.99 at AmazonBest deals of the day Jan. 24: Dyson V10 Allergy cordless vacuum, 85Reappearing Women: A Conversation Between Marie Darrieussecq and Kate Zambreno by The Paris ReviewEternal Friendship: An Unlikely Cold War Connection by Anouk DurandThe Insomniac’s Dream DiaryThe Mexican American BanditThe Screen of Enamoration: Love in the Age of Google by Alfie BownThe Burger King 'Whopper' jingle is going viral because NFL fans can’t escape itRedux: Emily Wilson, Robert Fitzgerald, and Robert FaglesRacy Public Art Exposes Paris’s Invisible Borders Sony is bringing vinyl back, but the truth is it never went away Iranian city reaches 129.2 degrees, setting national and world records Our first look inside Starbucks' newest Japan outlet, in a 100 NASA has better things to do than address Mars conspiracy theories The special meaning behind Tim Cook's iPhone 10th anniversary tweet Disney removing 'Wench Auction' from Pirates of the Caribbean ride People are saying Jay The original iPhone had its share of haters in 2007 How disability rights activists are fighting the GOP health care bill First photos of Waymo's self Man caught in hilariously awkward situation on Snap Maps A team of Afghan girl roboticists was denied entrance to the U.S. You can now spend $10,000 on a bikini made of pizza Microsoft squeezed machine learning onto a Raspberry Pi EPA chief under fire for allowing Dow pesticide after talking to the company's CEO 'Eve,' a bag of dicks, and advice for would Sick of nightmarish flight neighbors? This airline lets you bid on the seats near you An NBA star shared his phone number with the world and boy did fans have fun with it The 'Destiny 2' loot grind is no longer a slot machine 'Rick and Morty' Season 3 finally, finally gets a release date and a new trailer