Tesla stock was lower to start a new day of trading because nothing can go up ceaselessly.Shares of the electric-vehicle maker were off daily lows but down 1.8% at $343.68 in early trading Tuesday, while the S&P 500 and Dow Jones Industrial Average were down 0.

Tesla shares fell as much as 7% Tuesday, retreating from their earlier gains as a face of the “Trump trade.” Tesla, recently down about 6.3% on the day, was one of the S&P 500’s biggest gaine

The company’s CEO has been appointed to a new government role by President-elect Donald Trump, but there are more factors at play for the EV maker.

Tesla runs out of gas. The only piece of news that would have directly weighed on the stock was Hertz's announcement that it continues to see weak demand for EVs and will sell 30,

Tesla's recent stock surge is attributed to potential benefits from Trump's policies. Read why I maintain my sell rating on TSLA.