Ford CEO Jim Farley made some comments on his company’s fourth-quarter earnings conference call that might interest Tesla investors.

Tesla ( TSLA -3.58%) shares initially shrugged off a weak earnings report before the stock got caught in the trade-war sell-off. The electric vehicle (EV) maker had a tough year in 2024, although Chief Executive Officer Elon Musk continues to be very upbeat about the future.

Tesla, Inc. shares fell more than 3% on Thursday morning, hitting levels last seen about two months ago and heading for their worst weekly performance since mid-October. Retail sentiment on Stocktwits crashed to an ‘extremely bearish’ reading of 6/100,

Though Tesla’s shares doubled over the past 12 months, they’ve had a tough run since the inauguration. Investors are waiting to see if Elon Musk can keep the company’s charmed run going.