Musk’s Political Ambitions Spark Tesla Stock Drop Amidst Trump Feud
Musk’s Political Ambitions Spark Tesla Stock Drop Amidst Trump Feud Tesla shares experienced a significant decline this week, tumbling by as much as 7.6% in premarket trading Monday, following CEO Elon Musk’s announcement of his intention to form a new American political party. The move drew immediate and sharp criticism from US President Donald Trump, who publicly dismissed Musk as ‘off the rails’ and a ‘train wreck’ on his Truth Social platform late Sunday. While Tesla stock (TSLA) recovered some…