A State Department spokesperson told Forbes the department has “no current plans” to move forward with the potential contract, which was initiated under the Biden administration.

Staggering sales drops, swastika-daubed EVs, companies culling fleet models, and fan-forum owners selling their cars—Elon Musk's alt-right antics are seriously impacting his electric car business.

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.