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But then shares collapsed as those ties came into clearer focus.
If you had bought the stock a week before the election, youd have turned a small profit today.
But as the markets have proven this year, profits can quickly turn into steep losses.
He even brandished a chainsaw at a conservative political conference to demonstrate his zeal for cutting costs.
Tesla itself became the target of mass protests, while many of its vehicles and dealerships worldwide were vandalized.
Heres a breakdown:
Those figures only tell part of the story, however.
Damage to Musks reputation and Teslas brand have contributed to much of the slide.
But investors are also nervous about how Trumps tariffs plans will impact Tesla.
Meanwhile, Teslas latest earnings report which Electrek described as disastrous has only added to the anxiety.
Heres a closer look.
Both results were well below Wall Street estimates.
Excluding regulatory credits of $595 million, Tesla actually had an operating loss.
But it remains unclear exactly what step back means.
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