Since reaching a record high of $479.86 in December 2024, Tesla's share price has endured a continuous decline, accumulating a 40% drop to date, resulting in substantial losses for investors. Notably, a triple leveraged ETF tracking Tesla has plummeted by over 80% from its peak. This downward spiral can be attributed to sluggish sales and political missteps by Elon Musk, causing Tesla's market value to plummet below the $1 trillion mark. Consequently, the company has effectively erased nearly all gains achieved since the victory of former President Donald Trump.