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Tesla slides as Musk's 'America Party' heightens investor worries

Tesla shares fell nearly 8% on Monday after CEO Elon Musk's plans to launch a new U.S. political party reignited concerns about his commitment to the company's future as it struggles with declining sales.

The Hill · 27m

Tesla investors aren’t excited about Elon Musk’s new political party

Ross Gerber, a longtime Tesla investor and vocal Musk critic, didn’t hold back online, writing in his own post that, “no one wants the Elon first party,” accusing the company’s board of being “Elon vampires sucking the blood of Tesla equity.”

Barron's on MSN · 15h

Tesla Stock Tanks. Musk’s ‘America Party’ Can’t Win, and Neither Can He.

Coming into Monday trading, Tesla stock was up 25% since the Nov. 5 election, down 22% year to date, up 17% since news that Musk was likely to leave DOGE in early April, and down 8% since a spat broke out between Trump and Musk on social media in early June.

13m

Elon Musk's Net Worth Takes $15B Hit After Forming New Political Party

Elon Musk's net worth has taken a $15.3 billion hit after the Tesla CEO announced he was to form a new political party. The news sent ripples through financial markets and spooked investors concerned ...

20hon MSN

Tesla stock drops after Musk draws Trump's anger with plans for a new political party

Dan Ives, an analyst with Wedbush Securities, wrote that Musk's continued push into politics is "exactly the opposite ...

14hon MSN

Tesla shares drop 7% after Musk unveils plans for new U.S. political party

Stock shares in Elon Musk's car company Tesla fell about 7% Monday after the billionaire ex-DOGE chief announced plans to ...

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