Tesla is gaining traction among conservative buyers, while it loses support among liberals. But are there enough Republican EV shoppers to make up the difference?

A majority of investors believe Musk's political activity is hurting Tesla, a survey by Morgan Stanley found. Tesla shares jumped Wednesday as tech stock rallied, but remained on pace to decline for the eighth week in a row since President Donald Trump took office and Musk began leading the new administration's Department of Government Efficiency.