Tesla Shares Have Declined Each Week Since Musk Went to D.C.

Stock offered by billionaire Elon Musk’s Tesla has taken a big price hit over the past seven weeks, CNBC reported.

Since Musk join the Trump administration, shares in his automaker have declined each week. Tesla shares were $426.50, on Jan. 16, the last day before President Donald Trump was inaugurated on Jan. 20. This week’s closing price was around $270 — a 37% drop.

Since going public 15 years ago, this is the longest such losing streak for the automaker.