Elon Musk’s Political Party Bid Sends Tesla Shares Tumbling, Draws Trump’s Rebuke
Elon Musk’s Political Party Bid Sends Tesla Shares Tumbling, Draws Trump’s Rebuke Tesla’s stock experienced a significant downturn in premarket trading, dropping 7% following CEO Elon Musk’s weekend announcement of his intention to launch a new political entity, the ‘America Party.’ Musk stated the party would strategically target a limited number of Senate and House seats, aiming to become a decisive voting bloc on contentious legislation. This latest political foray by the billionaire has reignited concerns among investors already grappling…