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TESLA SLIDES AS MUSK'S ‘AMERICA PARTY' HEIGHTENS INVESTOR WORRIES
Hindustan Times Pune
|July 08, 2025
Tesla shares fell nearly 8% on Monday after CEO Elon Musk’s plans to launch a new US political party reignited concerns about his commitment to the company’s future as it struggles with declining sales
Musk unveiled the ‘America Party’ over the weekend after a public dispute with President Donald Trump on the tax-cut and spending bill. Trump, once an ally of Musk, called the latest idea “ridiculous”.
Trump had threatened to cut off the billions of dollars in subsidies that Musk’s companies receive after their feud erupted into an all-out social media brawl in early June, wiping off $150 billion in Tesla’s market value in a single day.
This story is from the July 08, 2025 edition of Hindustan Times Pune.
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