Tesla's stock price dropped by nearly 6% during trading hours on Wednesday in the US after disappointing first-quarter sales results showed a 13% decline in deliveries, causing concern among investors. CEO Elon Musk is realizing that consumers and investors are willing to express their opinions through their financial decisions.

Over the weekend, Musk attended a rally in Wisconsin to support conservative candidate Brad Schimel in the Supreme Court election against liberal candidate Susan Crawford, contributing over $21 million to Schimel's campaign. This stirred up a debate about the impact of wealthy individuals on judicial races and politics.

During the rally, Musk acknowledged that the value of Tesla stocks had halved, emphasizing the costly nature of his role at the Department of Government Efficiency (DOGE). Despite not receiving a salary for his DOGE position, Musk's proximity to key decision-making bodies was seen as potentially advantageous for his business decisions and investor confidence.

Following the peak of his net worth at around $400 billion in December, influenced by his association with then-President Trump, Musk's fortune faced a significant decline to around $280 billion due to the impact of Trump's policies and Musk's political involvement. Tesla's stock, in particular, experienced fluctuations, reaching a record high in December but dropping substantially by early March.

Musk's outspoken political stances and association with the Trump administration had unforeseen effects on his companies' profits, with Tesla accounting for only 27% of his total wealth compared to SpaceX, his principal financial asset representing 40% of his net worth, being less directly tied to consumer demand.