But once again, Musk has bigger issues at Tesla that came to a head July 2. Tesla had a rough start to the year as Musk's political outspokenness has turned off many potential buyers. After record sales in Q4 2024, the company has now reported two straight quarters of falling sales.

The company has devoted resources to autonomous driving rather than developing new models to attract car buyers.

The share prices for Tesla stock tumbled on Tuesday after President Donald Trump suggested the federal government might end its electric vehicle subsidies and deport owner Elon Musk.

This week, Trump has said Musk would have to "close up shop and head back home to South Africa" if he halted government subsidies to his companies, and then later added that his administration would "have to take a look" at deporting Musk.

See the timeline of billionaire Elon Musk's comments about the "Big Beautiful Bill" that fractured his relationship with President Donald Trump.