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Tesla's worst month since 2022 coincided with Elon Musk's first full month in White House

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Tesla shares plunged 28% in February , their worst month since a 37% drop in December 2022 .

February also marked CEO Elon Musk's first full month in the White House as part of President Trump 's second administration.

Morgan Stanley named Tesla its top pick in U.S. autos in a note on March 2 .