The shares are down more than 35% from recent peaks. Investors can look at these data to help find when things might bottom out.

Shares of Tesla have now dropped 40% from their December highs as the stock finds urgent technical support at $300. Headlines and reporting have sourced a significant drop in consumer demand for Tesla’s over the last month as would-be buyers appear to be holding back on their purchases in protest of Elon Musk’s involvement with the White House Administration.

Tesla (TSLA) stock surged after President Donald Trump won last November’s election, based on his relationship with CEO Elon Musk. But that relationship is likely a driving factor behind the erasure of much of those gains.

Sales of Tesla vehicles tumbled 45% in Europe last month, even as the overall EV market picked up in the region. The stock closed 8% lower on Tuesday.