One Republican legislator bought Tesla stock recently
Tesla's stock has fallen around 35% since Donald Trump's presidency began. This decline comes as Americans and drivers worldwide move away from the brand. Tesla’s CEO, Elon Musk, has been involved with Trump’s administration, which has affected consumer sentiment. Despite the drop in stock price, some lawmakers are buying Tesla shares at lower prices. A recent report shows that a list of legislators includes only one Republican who purchased Tesla stock. Democratic Representatives Julie Johnson, Josh Gottheimer, and Gilbert Cisneros recently bought shares, while Republican Marjorie Taylor Greene also made a purchase. Many investors are unhappy with Musk’s leadership, saying it has harmed Tesla's reputation. Ross Gerber, a Tesla investor, criticized the company's board for not acting to manage Musk's behavior. He expressed concerns about vandalism and the brand's value plummeting. Experts suggest that Musk's involvement in politics has deterred potential buyers. Kevin Thompson, a finance expert, noted that Musk's actions have become a dealbreaker for many. Investors are worried about falling sales and the impact of Musk's political role on the company. Despite these concerns, some lawmakers believe Tesla could rebound. They see the current stock price as an opportunity, though questions remain about the company's true value without government support.