The billionaire’s closeness to Donald Trump and support for far-right causes have prompted a backlash, but Tesla’s sales are sinking for other reasons too.

Tesla now faces headwinds from the president Musk helped elect. Trump, a frequent EV critic, has called for scrapping EV subsidies and policies that have added billions of dollars to Tesla’s bottom line. Musk has dismissed the impact on Tesla of losing subsidies, saying rivals would suffer more.

Explore Tesla, Inc.'s growth potential driven by robotics, AI, and autonomous software. Click here for my updated look at TSLA during an era of turmoil.