I don't like Elon, won't use the bird site and won't buy Tesla anything (stock, car etc.)
But the Tesla stock doesn't necessarily show direct correlation. It's also following 2022 trends.
Much of the tech market tanked in 2022:
Spotify: -158,67 (-67,05 %)
Apple: -44,05 (-24,99 %)
Alphabet: -59,16 (-40,27 %)
Microsoft: -96,50 (-28,83 %)
AMD: -82,28 (-56,30 %)
Amazon: -87,28 (-51,02 %)
Nasdaq composite:
-5 177,25 (-33,07 %)
Tech ETFs too.