Tesla stock is barreling toward a ninth-straight weekly drop, falling another 5% on Tuesday.Shares have now plummeted 53% from record highs reached in mid-December.There are two new factors behind the Tesla sell-off,

Tesla shares tumbled again Tuesday, putting the EV maker's stock on pace to lose ground for the ninth consecutive week. The stock staged a minor bounce from the lower trendline of

Tesla shares dropped amid a broader tech selloff, as analysts warned of lower overseas demand for the EV maker's cars and a consumer backlash against Elon Musk's political activities. The stock was down nearly 4% at below $229 in midday trading,

The Bay Area city was home to Musk and his electric vehicle empire for more than a decade. Both have since relocated to Texas, where Musk can draw even bigger paychecks, create his own SpaceX company town, and launch rockets over the Gulf-that-shall-not-be-named.

Tesla stock has been hit hard in recent months as CEO Elon Musk’s political involvement becomes a distraction, experts say. Sales of electric vehicles are down sharply in key markets like Europe and China.