Tesla stock jumped early Tuesday despite more weak sales data.Shares have been on a tear since the company reported first-quarter earnings, giving shares a stretched valuation for even a hot growth stock.

Motointegrator and DataPulse Research present a data-driven study that explores how Elon Musk’s political profile may be fueling a growing consumer backlash—and what it means for Tesla’s future.

Shares in Tesla Inc. recently traded nearly 2% higher, even as the S&P 500 index dipped, as Chief Executive Elon Musk said he planned to cut back on his political spending and declared that the car company’s sales are improving.

Declines mirror trends seen across the United States and in Europe as consumers express their dissatisfaction with Elon Musk role in government.

Tesla is now pulling on all the demand levers in the US with new discounts and incentives as sales are crashing due to brand damage. Over the last few days, Tesla has introduced a series of new discounts and incentives in the US.

Since Musk joined the Trump administration, Tesla has seen its sales plummet amid backlash over his political views.

Vaibhav Taneja, 47, who assumed the role of Tesla’s CFO in 2023, received a base salary of $400,000, but the overwhelming majority of his compensation stemmed from stock options and equity awards granted following his promotion.

Elon Musk vows to lead Tesla for at least five more years, despite backlash over leadership, falling sales, and pay disputes.