More than eight out of every 10 respondents to a Morgan Stanley survey believe Tesla CEO Elon Musk’s controversial political activities are hurting his business.

Shares of Tesla are sliding again Monday as confidence in Elon Musk’s electric car company continues to disintegrate following a post-election “Trump bump.”

Elon Musk spent the weekend with President Donald Trump at Mar-a-Lago, getting a round-trip ride on Air Force One. While Musk has spent an increasing amount of time with Trump, three of his companies are having a rough go.

After nearly doubling in value between Nov. 5 and Dec. 17 to hit $488 per share and give the electric vehicle maker a $1.6 trillion market cap, TSLA stock has lost more than half its value. 24/7 Wall St.

Tesla (NASDAQ:TSLA) shares took a brutal hit on Monday, nosediving nearly 15% — marking their worst single-day drop in over four years. The

Tesla recorded a more than 3% rise today after a 15% fall. Morgan Stanley analyst Adam Jonas said the pullback is a buying opportunity for an embodied AI compounder.

The Elon Musk -led electric vehicle company’s stock was up nearly 5% to $232.70 intraday, making back a small fraction of what it’s lost amid an extended sell-off since President Trump took office. The stock is on pace to fall for the eighth consecutive week, even after the uptick on Tuesday.