Tesla stock was edging up in early trading Wednesday after taking it on the chin on Tuesday.Shares of the electric-vehicle maker were up 0.3% in early trading at $303.63, while the S&P 500 rose 0.2% and the Dow Jones Industrial Average fell 0.

The third is the stock price on Wall Street, which now seems to reflect the global competitive environment and, perhaps, investor opinion of Musk's non-Tesla activities. Related: Grok sparks backlash with answer to question concerning Elon Musk The price lately has not been pretty,

Shares of Tesla have now dropped 40% from their December highs as the stock finds urgent technical support at $300. Headlines and reporting have sourced a significant drop in consumer demand for Tesla’s over the last month as would-be buyers appear to be holding back on their purchases in protest of Elon Musk’s involvement with the White House Administration.

Tesla (TSLA) stock surged after President Donald Trump won last November’s election, based on his relationship with CEO Elon Musk. But that relationship is likely a driving factor behind the erasure of much of those gains.

Tesla stock has now fallen by a fifth this year. Analysts say Elon Musk's involvement with DOGE is affecting sales and investors are taking notice.

Sales are plunging in some of the world’s biggest EV markets, and protesters and vandals are targeting the company’s stores.