Tesla’s financial tale, however, has taken a turn since Trump took the oath of office with Tesla stock down over 17% since Jan. 21, as of midday Friday. Just weeks before the inauguration, Tesla reported the first full-year drop in global sales in its history as a public company, according to a report from CNN.

Stifel analysts lowered their price target for Tesla stock in response to “the negative downturn in consumers' perception of Elon Musk,” whose role with DOGE has riled some.

Tesla’s public image is facing increasing scrutiny, with analysts suggesting that CEO Elon Musk’s shifting political profile could negatively impact the company’s sales and stock performance. According to a recent survey conducted by Stifel and Morning Consult,