On Elon Musk's bad day, Tesla plummets and X experiences outages.

On Elon Musk's bad day, Tesla plummets and X experiences outages.

Musk's divisive position as President Trump's head of DOGE seems to be putting more and more pressure on his business interests, even as Tesla is facing a lot of its own difficulties. According to the numbers, Tesla shares lost more than 15% on Monday. Since their peak on December 23, they have lost $700 billion in market value, or more than 53%. The value of the business has fallen by more than 11% since Trump's election. Context: Tesla's fall has been particularly steep, despite the fact that stocks as a whole have suffered in recent weeks due to threats of tariffs, renewed worries about inflation, and concerns about slowing growth. It's suffered the biggest decline of any stock in the S&P 500 year-to-date, per FactSet.

 What he's saying: Trump said on Truth Social early Monday that he is "going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American," though the president didn't say what kind of Tesla he planned to buy.

 "Why should he be punished for putting his extraordinary abilities to use to assist in MAKE AMERICA GREAT AGAIN???" added Trump, in an apparent reference to his work with DOGE to overhaul the federal government and slash its workforce.

The report written by UBS analyst Joseph Spak stated that there were signs of Tesla's sales softening and that sales declines were likely to impact both the company's first-quarter delivery targets and full-year profit forecasts, which spooked investors on Monday. Separately, Baird analyst Ben Kallo stated on CNBC that recent reports of vandalism allegedly connected to political backlash could hurt demand for Tesla vehicles. This is all coming in context of a tech wipeout Monday amid widespread — and growing — recession fears, which drove the Nasdaq down 4% on the day.

 On Monday, Musk was also dealing with what he described as a "massive" and "coordinated" cyberattack on X, and throughout the day, tens of thousands of users reported experiencing outages. What we're watching: While details of the attack, including a motivation, were not immediately known, many of social media were noting it in the same context as the Tesla demonstrations, implying a political motivation. Click Here......