Tesla (TSLA) hit fresh 2025 lows on Wednesday, extending a big February sell-off and failing to bounce with the broader market. Concerns are mounting that CEO Elon Musk's high-profile role with the Trump administration is causing serious deterioration in the EV giant's brand image in the U.

Musk’s net worth fell almost 4% as of midday Tuesday, dropping to almost exactly $100 billion below his all-time high of $464 billion.

Elon Musk, once the face of Tesla’s meteoric rise, seems to be turning his focus elsewhere just as the company faces mounting challenges. With Tesla’s sales slipping and competition heating up, investors and analysts are beginning to question whether Musk still has the passion — or the time — to lead the electric carmaker.

Shares of EV maker Tesla (TSLA) are plummeting in today’s trading, which has brought its market value to below $1 trillion for the first time

Tesla (TSLA) stock surged after President Donald Trump won last November’s election, based on his relationship with CEO Elon Musk. But that relationship is likely a driving factor behind the erasure of much of those gains.