Tech
Tesla slides 7% as Musk’s ‘America Party’ reignites investor angst
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Tesla shares fell nearly 7% in premarket trading on Monday, after CEO Elon Musk‘s plans to launch a new US political party reignited investor concerns about his commitment to the electric-vehicle maker’s future.
Musk, the former head of the Department of Government Efficiency (DOGE), unveiled the ‘America Party’ on Saturday, voicing his displeasure over President Donald Trump‘s ‘One Big, Beautiful Bill’.
Musk’s move marks a fresh escalation in his feud with Trump and comes close on the heels of Tesla posting a second straight drop in deliveries,…
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