US EditionTesla shares fall as Musk's 'America Party' riles investors
- On Saturday, Elon Musk revealed the creation of a new American political party called the America Party, intending to offer an alternative to the current two-party system.
- This announcement came shortly after President Donald Trump enacted his substantial tax and domestic policy legislation last week, heightening the conflict between Musk and Trump.
- Tesla has faced worsening business conditions, reporting a 13.5 percent drop in second-quarter vehicle deliveries and an ongoing year-to-date stock decline of about 27 percent.
- Tesla shares dropped nearly 7 percent in early Monday trading, falling to roughly $294 as analyst Dan Ives expressed concerns that Elon Musk was taking a direction contrary to what investors desired.
- The move to form the America Party sparked investor worries about Musk’s political distraction, with potential impacts on Tesla’s future and ongoing conflict with Trump.
196 Articles
196 Articles
The founding of the ‘America Party’ – Elon Musk’s new political party – is provoking a reaction of anger and frustration on the part of Tesla’s shareholders who consider that the company’s CEO is out of focus on his business work while the company’s profits and shares fall sharply.
'Weird, warped world!' CNN host stunned by another 'massive drop' for Tesla
Tesla Motors' stock has suffered ever since billionaire owner Elon Musk married himself to President Donald Trump's movement — and now the two have had a falling out, it has only gotten worse and more macabre for shareholders, CNN's Erin Burnett said on Monday."Tesla shares tanking, closing down nea...
Elon Musk may have to decide between politics and business. The billionaire announced this Sunday, July 6, 2025 the creation of his own political party, the American Party. But at the opening of the New York Stock Exchange this Monday, the visionaries were red for Tesla, his company specializing in electric vehicles.
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