Tesla ( TSLA ) is preparing for a historic event, as it gears up to launch its first fleet of autonomous robotaxis in Austin, Texas. But so far this week, other events have sparked negative momentum, pushing shares down.

The company's plan to venture into the self-driving car market is currently being overshadowed by CEO Elon Musk's disagreement with Donald Trump over the new budget bill, which he has described as a "disgusting abomination."

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As of this writing, TSLA stock is down more than 20% for the past week and isn't showing any signs of slowing down. But these declines likely aren't due strictly to Musk and Trump's argument. Tesla's sales are falling steadily across many European markets, including the United

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