Tesla's stock plummets due to declining sales and competition

Tesla's stock has dropped nearly 40% this year, with sales declining for the first time in over a decade. The company faces tough competition in China and Europe, leading to a significant decrease in sales. Elon Musk's political activities and distractions have shaken investor confidence. A recent survey showed 85% of investors believe his involvement negatively impacts Tesla's business. Musk's focus appears divided among multiple ventures, raising concerns about his commitment to Tesla. In a recent appearance with Donald Trump, Musk promised to double U.S. production in two years. This event led to a brief stock rebound, but investors remain cautious about Tesla's future without stronger leadership from Musk.