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Tesla stock dives as Musk plans new political party
Bangkok Post
|July 09, 2025
When Tesla CEO Elon Musk asked his followers on the social platform X last week whether it was time to create a new political party, 80% answered "yes." Wall Street seems to disagree.
Tesla shares plunged nearly 7% Monday as investors registered dismay at Musk's plans to form a third party and his intensifying feud with President Donald Trump.
Mr Musk's involvement in politics and his financial support for the president's campaign were once seen by investors as a benefit to Tesla, fuelling a steep rise in company shares after the election last year.
Dit verhaal komt uit de July 09, 2025-editie van Bangkok Post.
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