Investors are looking for evidence Musk’s politics are hurting Tesla. It’s hard to find, but California might be turning against Musk—slowly.

Tesla (NASDAQ: TSLA) shares initially shrugged off a weak earnings report before the stock got caught in the trade-war sell-off. The electric vehicle (EV) maker had a tough year in 2024, although Chief Executive Officer Elon Musk continues to be very upbeat about the future.

While other business factors also came into play, Tesla likely lost business in California as a result of the role Elon Musk played in the U.S. election.

Tesla's electric-vehicle registrations in California fell about 12% last year, according to industry data, indicating mounting challenges for the automaker in the key U.S. market. While high interest rates,

For years, Tesla has been the undisputed heavyweight of California’s growing electric vehicle market. It’s dominated sales charts, crushed the competition, and made itself syn

Californians are registering thousands of new Cybertrucks even as there are fewer takers of the bestselling EVs in its lineup.

For years, Tesla has been a leader in the electric vehicle market. The company’s products have pushed envelopes, raised the bar, and generated unprecedented buzz – along with booming sales. However, the days of Tesla’s total dominance in the EV world may be drawing to a close.