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Tesla shares dive as investors fear new Elon Musk political party will damage brand

Upworthy Monday, 7 July 2025 ()
Shares in Tesla fell 7.5% in early US trading on Monday, wiping $76bn (£56bn) off the company’s value, amid investor concern that Elon Musk’s launch of a new political party will present further problems for the electric carmaker. Tesla’s market capitalisation fell from just over $1tn to about…
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News video: Trump VS Musk HEATS-UP | ‘RIDICULOUS! IT WON’T WORK’ | Trump slams Elon Musk’s America Party

Trump VS Musk HEATS-UP | ‘RIDICULOUS! IT WON’T WORK’ | Trump slams Elon Musk’s America Party 03:18

Donald Trump lashed out at Elon Musk after the Tesla CEO launched his new “America Party,” calling the move “ridiculous” and branding Musk a “train wreck.” Trump warned Musk’s third-party push would hand Democrats an advantage and undermine GOP unity. Musk fired back, condemning both...

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