Stock at all time high makes no sense.

Surely any time their sales has good growth somewhere, you'd be sharing similar stories about that positive news, right? Surely.

The two likely factors are Chinese EV imports and Tesla association with hard right wing and Nazi ideology in buyers minds.

Europeans have still not forgotten the impact of WW2. Musk sieg heiling on live TV (twice!!!) is not something they take lightly. Tesla sales of cratered over there, rightfully so, because of his completely unforced error.

While Musk's antics and politics definitely have a part to play, it's also obvious that Tesla hasn't innovated nearly as much and their cars are becoming outdated in an EV landscape of constant innovation. Their last big play (The Cybertruck) was horrendous both in design and execution.