Tesla sales plunging worldwide amid Musk’s new role in Trump White House Stock price is down from December high.
The company itself has acknowledged that the Trump administration’s trade policy, which could impose tariffs on key U.S. trading partners and manufacturers of industrial inputs, could harm Tesla.
New Tesla registrations were down 44 percent compared to last year in the former, and 38 percent in the latter, despite high demand for cars in both countries.
The sales, combined with the Trump White House tariff threats around the world, has some investors arguing Musk and Tesla are experiencing a Trump-lash.
The company hasn’t introduced a brand new model since late 2023 when it began rolling out the Cybertruck, though it has suggested it could introduce a more affordable option at some point in 2025.
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