With Tesla stocks plunging, owners rushing to sell their vehicles, and protests against Elon Musk's car company growing, it's been a bad time for Tesla and its Trump-supporting CEO. And on Tuesday, The Late Show host Stephen Colbert used his monologue to break it all down.

This suggests that a reaction from consumers who dislike Mr Musk’s antics are only one reason for falling sales. An updated Model Y, Tesla’s best-selling vehicle, has just gone on sale. In preparation Tesla ran down inventory of the old model, crimping supply. Customers doubtless held off purchases until the new car was available.

The federal cost cutting measures undertaken by Musk have spurred "Tesla Takedown" protests with dealerships being vandalized across the nation.