Following Trump's win in November, Tesla stock surged to a new high of $479 per share on December 17. Now, just three months later, the electric vehicle titan's stock has plummeted 51% from its peak, down to $234 per share at the time of writing.

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.

Tesla warned of the hit to its bottom line from tariffs, while SpaceX complained that foreign trade barriers affect its Starlink internet satellite service.

Elon Musk has sparked backlash after the billionaire reposted on his social media platform X, formerly Twitter, a post which declared that Hitler “didn’t murder millions of people,” but rather it was public sector employees.