The third is the stock price on Wall Street, which now seems to reflect the global competitive environment and, perhaps, investor opinion of Musk's non-Tesla activities. Related: Grok sparks backlash with answer to question concerning Elon Musk The price lately has not been pretty,

The decline followed data from the European Automobile Manufacturers Association, which reported Tesla’s sales in Europe fell 45% in January.

On February 20, Tesla’s 50-day moving average shifted into a bearish trend as the telltale trendline shifted into a declining pattern. The last time Tesla’s 50-day followed a similar trend was January 24, 2024. That shift in the stock’s momentum preceded a 22% decline in Tesla shares over two-month period.