Musk has repeatedly stated that Tesla’s long-term value lies in autonomous driving and robotics, but its investors don't seem so sure. With sales declining and investor confidence wavering, the immediate question remains: does Musk still care about selling cars, or has he already moved on?

Tesla shares saw a significant lift following the US election due to Musk’s strong ties to Donald Trump. Musk was a prominent supporter of Trump’s presidential campaign, donating $290 million to Republican politicians and charities in 2024, with the majority of that going toward restoring Trump to the White House.