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,

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.

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