Following Trump's win in November, Tesla stock surged to a new high of $479 per share on December 17. Now, just three months later, the electric vehicle titan's stock has plummeted 51% from its peak, down to $234 per share at the time of writing.

The president selected a new red Tesla on the White House driveway in the hopes that his purchase could improve Tesla’s stock.

Elon Musk spent the weekend with President Donald Trump at Mar-a-Lago, getting a round-trip ride on Air Force One. While Musk has spent an increasing amount of time with Trump, three of his companies are having a rough go.