Tesla backlash continues as the stock nosedives and Musk pushes conspiracy theories about protests and arsons at dealerships.

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The automaker’s shares soared after Election Day as Elon Musk took a high-profile role as a Trump adviser. Now those gains have evaporated.

Mashable notes that as of Tuesday morning Trump has offered up no evidence that he followed through with his pledge to buy a Tesla vehicle. As for Musk, he's spent the day personally thanking his fans, such as conspiracy theorist Alex Jones, for voicing their support for Tesla on his social media platform X.

Tesla’s stock has dropped by nearly half in three months. Even so, investors are still debating whether Elon Musk's electric-vehicle maker remains overpriced.

Elon Musk 's net worth has dropped by more than $144 billion since December, according to a report.

Kimbal Musk, the brother of Tesla CEO Elon Musk, has been offloading shares of Tesla in recent months just as the stock has made a massive retreat from all-time highs. The electric vehicle maker, however briefly, had been among the select group of trillion-dollar companies following the stock’s post-U.S. presidential election surge.

Flagging global sales and Elon Musk’s increasingly outspoken political activities are combining to rock the value of Tesla.