Tesla’s stock is driven by sentiment, which has soured greatly. Plus, Musk has now alienated Republicans and Democrats alike.

Traders dumped Tesla after Musk quickly responded to Trump's criticism with social media posts that stepped up criticism of the president's tax bill.

Tesla CEO Elon Musk and President Donald Trump appear to be in the kind of chaotic relationship that social media lives to warn you about. First the two seemed to be enjoying a business alliance-turned-bromance when Musk was invited to become a special government employee in January and spearhead the Department of Government Efficiency (DOGE).