Tesla shares dive as investors fear new Elon Musk political party will damage brand

admin July 7, 2025 Leave a Comment

Fall of 7% in premarket trading would wipe $70bn off firm’s value as market frets CEO’s foray into politics will distract from role

Shares in Tesla are heading for a sharp fall in the US as investors fear Elon Musk’s launch of a new political party will present further problems for the electric carmaker.

Tesla stock was down more than 7% in pre-market trading on Monday, threatening to wipe approximately $70bn (£51bn) off the company’s value when Wall Street opens.

Fall of 7% in premarket trading would wipe $70bn off firm’s value as market frets CEO’s foray into politics will distract from roleShares in Tesla are heading for a sharp fall in the US as investors fear Elon Musk’s launch of a new political party will present further problems for the electric carmaker.Tesla stock was down more than 7% in pre-market trading on Monday, threatening to wipe approximately $70bn (£51bn) off the company’s value when Wall Street opens. Continue reading…

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