See every side of every news story
Published loading...Updated

A Reignited Trump-Musk Feud Burns Tesla Investors, Shares of EV Company Tumble 8%

  • Tesla's stock dropped 8% at the market's open on Monday following Elon Musk's announcement that he is launching a new political group called the America Party.
  • Musk announced the creation of a new political party to express his opposition to the recent Republican spending legislation, which he criticized for threatening jobs and hindering developing sectors.
  • The conflict between Musk and President Trump flared up again over the weekend, with Trump accusing Musk of being "off the rails" and warning that he might withdraw federal assistance from Musk's companies, Tesla and SpaceX.
  • Since reaching a peak price of $479.76 on December 17, Tesla's stock has declined by nearly 40%, currently trading around $289.75 amid investor worries related to ongoing political tensions.
  • Analyst Dan Ives warned that escalating tensions between Musk and Trump risk creating more hurdles for Musk's companies over the coming years as the political battle intensifies.
Insights by Ground AI
Does this summary seem wrong?

48 Articles

All
Left
17
Center
16
Right
3
The Mercury newsThe Mercury news
+8 Reposted by 8 other sources
Lean Left

A reignited Trump-Musk feud burns Tesla investors, shares of EV company tumble 7%

By MATT OTT Shares of Tesla tumbled 7% Monday as the feud between CEO Elon Musk and Trump reignited over the weekend. Musk, once a top donor and ally of Trump, announced that he was forming a third political party in protest over the Republican spending bill that passed late last week. Musk has been highly critical of the bill, which he said would kill jobs and bog down burgeoning industries. In a social media post on Sunday, Trump said that the…

·San Jose, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 47% of the sources lean Left
47% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The Telegraph broke the news in London, United Kingdom on Monday, July 7, 2025.
Sources are mostly out of (0)