Tesla stock is sliding on Monday after CEO Elon Musk's latest foray into politics, and Wall Street is growing concerned over the loss of EV tax and regulatory credits stemming from Trump's "One Big Beautiful Bill.

Despite these issues, Tesla investors appear to be convinced that the company will experience a surge in sales trends at some point. This is evident by the wild premium the stock commands. Shares trade at a price-to-earnings ratio of 169 as of this writing. A valuation like this bakes in huge sales and earnings growth for years to come.

The value of SpaceX has hit $400 billion. This has added to Elon Musk's net worth which has dropped because of problems at Tesla.

Shares of electric vehicle maker Tesla tumbled 8% in morning trading as the feud between CEO Elon Musk and Trump reignited over the weekend

In this podcast, Motley Fool host Anand Chokkavelu and contributors Jason Hall and Matt Frankel discuss: The Aug.1 tariffs. This year's four-day Prime Day (and whether Amazon stock is a deal). Elon Musk's political party and Tesla. Bold predictions.