Tesla (NASDAQ: TSLA) stock peaked at $480 per share in December. At the time, Donald Trump had just won the presidential election with tremendous financial support from CEO Elon Musk, and investors were confident the company would benefit from their relationship.
But the opposite has happened. 
Tesla stock has plummeted 50% from its record high and market share losses have accelerated as Musk's involvement in politics has created a "brand crisis" for the company, according to equity analyst Dan Ives at Wedbush Securities.
While Tesla manufactures vehicles in the U.S., the company also relies on imported parts now subject to a 25% tariff imposed by the Trump administration. Also, Musk has become a polarizing political figure because of his involvement with the Department of Government Efficiency, which has undoubtedly alienated potential customers in every major market.
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