Musk has repeatedly stated that Tesla’s long-term value lies in autonomous driving and robotics, but its investors don't seem so sure. With sales declining and investor confidence wavering, the immediate question remains: does Musk still care about selling cars, or has he already moved on?

While the new car market for EVs surged by 37% in January across Europe, Tesla’s share dwindled as sales dropped by almost half.

Ross Gerber, a longtime Tesla shareholder, outlined to BI four reasons he thinks the stock is vulnerable to a 50% pullback this year.