Shares of Tesla (TSLA) have been up since Donald Trump won the election, with investors betting the carmaker would benefit from the more than $250M Elon Musk spent to support the campaign, Jack Ewing and Neal Boudette of The New York Times reports. A recent decline, however, nearly wiped out all that was left of the rally. Investors are now concerned Musk is spending too much time in Washington while Tesla sales plummet. Additionally, investors fear Musk’s right-wing politics may alienate a significant number of buyers.
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