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.

Tesla backlash continues as the stock nosedives and Musk pushes conspiracy theories about protests and arsons at dealerships.

Elon Musk Thinks Tesla Will Become the World's Most Valuable Company. I Predict Its Stock Will Decline by 50% (or More) Instead.