Despite Elon Musk’s increasing influence in US politics, Tesla shares have been declining. Musk’s role in the Department of Government Efficiency (DOGE) and his alignment with former President Donald Trump have not translated into positive outcomes for Tesla’s stock performance. Tesla’s share price has fallen significantly since its peak in December 2024 due to factors such as extreme overvaluation, delays in product launches, and a decrease in sales globally. Sales have notably dropped in Europe and China, attributed to increased competition and Tesla’s price-cutting strategies which, while boosting short-term sales, have reduced overall earnings. Additionally, Musk’s involvement in cryptocurrency and his political activities have raised concerns among investors about his focus on Tesla’s leadership and innovation. — news from Al Jazeera English