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The Trump effect no longer boosts Tesla: Stock drops by nearly a third since peak.
Elon Musk is hoping to stem the decline, worsened by disappointing 2024 results, with his new autonomous car service
However, this demanding valuation — more typical of a start-up than a veteran company — leaves Tesla vulnerable to sharp declines if it fails to meet forecasts or faces unforeseen challenges. This is positive news for those who invested earlier, but less so for those who jumped on the bandwagon more recently, as the “Trump effect” could continue to deflate if the autonomous car division fails to meet expectations. In addition to his new role as a government advisor under Trump and his commitments across his various ventures (including xAI, X.com, Neuralink, SpaceX, and The Boring Company), Musk is now pursuing an offer of nearly $100 billion to acquire OpenAI, the owner of ChatGPT, from his longtime rival, Sam Altman.
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