Tesla shares have plunged 44% in 2025, erasing hundreds of billions in market value and generating $11.5 billion in profits for short sellers, according to S3 Partners. CEO Elon Musk’s controversial role in Trump’s administration has fueled international backlash and boycotts, prompting him to announce a reduced role starting in May. Musk defended his efforts to reduce government waste, warning that Tesla's fate is tied to the country's. He also voiced opposition to Trump’s rising tariffs, which threaten higher costs despite Tesla’s U.S.-based production. Musk remains upbeat, promoting future plans for affordable EVs and robotaxis, despite a grim quarter.
