Tesla’s Stock Price Trend Is Sort Of Hilarious

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Last Updated on: 14th March 2025, 02:02 am

Tesla’s stock price has never been a stable or sensible thing for long. It’s been one of the last decade, or at least the last five years. However, as I was glancing at it today while trying to see any noticeable effect from Trump and surrogates’ desperate appeals to buy a Tesla to help Elon, some things struck me that I found interesting, perhaps even quite hilarious.

Going back one day, the stock price is down 3%, and going back five days, it’s down 7%. Going back a month, it’s down a whopping 32%. Here are a few charts showing those trends before I go further:

Of course, we’re not looking back just one month. Yes, it’s interesting that while Donald Trump and Elon Musk have gotten comfortable in the White House (Musk’s young son even wiping his boogers on the Oval Office desk in front of a disgusted but impotent Trump), Tesla stock has collapsed 32%. However, this is just one portion of the Musk–Trump Tesla stock phase.

If we go back 6 months, to almost two months before the election, you almost get the picture of a mountain. The stock price is almost exactly where it was 6 months ago, up just 6%. The stock price rose up the mountain as people assumed Musk’s association with President Trump would pay off in spades, and then it tumbled down the mountain as it became clear Musk’s association and behavior was crushing the Tesla brand among many buyers and hurting sales (among a few other things). Funding for EV charging stations across the country has been pulled. Subsidies for electric cars are expected to be removed. And Musk spending almost all his time in the White House while Tesla languishes is, arguably, a much better reason to fire him than he has had to fire anyone in the federal government.

Europeans don’t want to buy Teslas because of Musk’s Nazi gestures (trolling or not) and support for fascist, far-right parties in Europe. Americans don’t want to buy Teslas because of all the harm Musk is doing as the head of DOGE (and the aforementioned Nazi* stuff). And even the Chinese don’t want to buy Teslas as much as they used to for other reasons I’ll visit soon, and just because they are getting old and boring compared to what Chinese EV producers have been introducing. Okay, being more accurate with my language, many Europeans, Americans, and Chinese are still buying Teslas, but not as many as two years ago, or even a year ago. At the end of the day, you can bully government bureaucrats trying to do good work all you want, but that’s just not the best daily work habit to sell more cars. One has to wonder if virtual work is really satisfactory for the CEO of Tesla and whether he should return to the office and clock 40 hours a week actually focused on Tesla matters. Anyway,

So, going back 6 months, Tesla stock is only up 6%. However, going back one year, it’s up 48%! Unless something really changes for the better soon at Tesla, one does have to wonder how long it will take the stock price to slide back down to where it was a year ago, $162.50. What justifies it being much higher today than back then?

*While Musk has historical family ties to Nazis, I wouldn’t say he’s personally a literal Nazi. However, his dictatorial, anti-democratic tendencies combined with his prejudice against certain peoples (Central & South American immigrants, some LGBTQ people, and seemingly Black people) are eery, nauseating characteristics. His promotion of fascist parties associated with neo-Nazis is as well. And then there’s the support for making Canada a US state and outright bullying countries and any political actors or people in the media who stand up to him. Look at this overall description and tell me there isn’t something serious to be worried about here.