Tesla's stock is facing significant pressure today due to a confluence of factors impacting its valuation and market sentiment. The recent surge in Tesla's stock, driven by optimism surrounding Elon Musk's ties to the Trump administration, is now being scrutinized as analysts express concerns over the company's ability to meet high expectations. The potential policy shifts under the Trump transition team, which could disrupt support for electric vehicles, add to the uncertainty. Additionally, regulatory investigations into SpaceX, another Musk-led venture, are raising questions about the broader implications for Tesla. These developments are compounded by mixed demand signals in key markets, as highlighted by Goldman Sachs, which could challenge Tesla's delivery growth in 2024.
The Graniteshares 2x Long TSLA Daily ETF (TSLR) has dropped to $55.51, marking an 11.28% decline as of 3:15 PM ET on December 18, 2024.