Things have not been going well for Tesla in recent months. The value of the company’s shares has dropped by more than 30% in two months. Sales figures for Tesla in markets outside the United States have declined as well. Analysts have warned that the continuous decline in Tesla may persist. The wind has changed direction for the American electric vehicle company Tesla. Shares of the electric vehicle manufacturer led by Elon Musk fell by another 2% in pre-market trading on Wednesday to $321. As a result, Tesla shares have retreated by approximately 33% from their peak of $480 on December 18, 2024. Tesla shares began rallying after President Trump’s election victory. In 2025, Tesla was the worst-performing company among the “Big Seven” tech giants. According to Bloomberg data, Musk’s wealth has decreased by $54 billion since the beginning of the year, aligning with the decline in the company. Analysts have mentioned that the decline in Tesla shares could continue. Analysts pointing out weak sales figures in overseas markets for Tesla also warned that the close relationship between Elon Musk and Trump could harm the brand. In January, Tesla sold 63,238 vehicles in China. This figure represented a sharp decline of 33% compared to December. It was noted that the automobile company was negatively impacted by President Trump’s decision to impose a 25% tariff on steel and aluminum, which are key raw materials used by Tesla.