Tesla sales are in an unprecedented slide. Competitors are rapidly gaining ground. There’s a lot of bad news for Tesla lately – but it’s unclear if the politics of its polarizing CEO, Elon Musk, are to blame.

Tesla’s financial tale, however, has taken a turn since Trump took the oath of office with Tesla stock down over 17% since Jan. 21, as of midday Friday. Just weeks before the inauguration, Tesla reported the first full-year drop in global sales in its history as a public company, according to a report from CNN.