Tesla shares were sliding nearly 5% in midday trading. Tesla’s stock (Nasdaq:TSLA) moved lower once again Monday, falling almost 5% in midday trading, the continuation of a fairly steady decline since Donald Trump took office.

President Donald Trump's decision to impose tariffs on goods from China and Canada has resonated widely in the market. According to CNBC, Tesla and Apple recorded drops in their 5% and 3% stock values,

Washington wants more electric vehicles on the road. It’s offered generous incentives for EV buyers and set deadlines barring new gasoline-powered car sales. The next step, some say, is revising a law that does not allow customers to buy an electric vehicle directly from the automaker,

While other business factors also came into play, Tesla likely lost business in California as a result of the role Elon Musk played in the U.S. election.

Tesla's electric-vehicle registrations in California fell about 12% last year, according to industry data, indicating mounting challenges for the automaker in the key U.S. market. While high interest rates,

For years, Tesla has been the undisputed heavyweight of California’s growing electric vehicle market. It’s dominated sales charts, crushed the competition, and made itself syn