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.

Tesla's stock tumbled by almost 14 percent on Monday, driven by widespread pessimism over the EV maker's plummeting sales numbers worldwide. Wall Street analysts lowered their price targets significantly,