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‘I don’t care, I want out’: Tesla fans dumping stock in 'irreparably damaged' company

Seeing the writing on the wall, some of Elon Musk and Tesla's biggest boosters are dumping their stock position in the company in large part over his actions since he assumed a major role in Donald Trump's administration.

According to a report from the Wall Street Journal, Tesla's precipitous stock decline is driven, in part, by longtime fans with one admitting too much damage has been done to the brand to make it worthwhile to stick around.

As the Journal's Hannah Erin Lang and Owen Tucker-Smith wrote, "Just a few months ago, investors were betting that a second Trump administration would be great news for Tesla. Instead, the longtime stock-market highflier has plummeted in 2025. Shares have fallen more than 40% this year, erasing about $536 billion in market value. The stock is on track for a nine-week streak of losses—its longest on record."

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In an interview, investor and data architect Michael Hanna admitted his portfolio once was 25 percent Tesla stock but he dumped them in February despite being a supporter of some of Musk and Donald Trump's initiatives.

Now he says he is stunned by the "chaotic" nature of Musk's DOGE cuts and said of Tesla, "I think the