Tesla shares drop over 11% due to Musk's involvement

Tesla shares fell over 11 percent on Monday, reaching their lowest level since before Election Day. This decline follows a significant drop of more than 50 percent from a peak in mid-December, erasing gains made after Donald Trump’s election. Investors are concerned about Elon Musk's political involvement, which has led to protests and backlash. Sales have plummeted, particularly in Europe, where Tesla saw a 76 percent decline in Germany last month. Analysts cite competition and a lack of new models as factors in the sales drop. Volkswagen has recently outsold Tesla in electric vehicle sales outside China, adding to the challenges for the automaker.