Tesla, Elon Musk
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These days, Tesla investors would probably like to be thinking about EV sales, robo-taxis, or anything else besides politics.
Tesla shares sank Monday after CEO Elon Musk announced he would form a new political party in an escalation of his feud with President Donald Trump.
With shares down 21% year to date, Tesla ( TSLA 0.04%) is reeling from a combination of weakening electric vehicle (EV) demand, political uncertainty, and a CEO who seems to have misplaced priorities.
Tesla shares fell nearly 8% on Monday after CEO Elon Musk's plans to launch a new U.S. political party reignited concerns about his commitment to the company's future as it struggles with declining sales.
Tesla faces rising political risks, subsidy cuts, and margin pressure as growth slows and regulatory headwinds mount. Find out why TSLA stock is a hold.
4don MSN
Tesla stock is moving lower today as investors react to a downgrade from an analyst, competition from Chinese companies, and the latest developments on the trade war. News that CEO Elon Musk is launching his own political party also appears to be weighing on the stock.
Tesla stock tumbled Tuesday as founder Elon Musk continues to feud with President Trump over the pending GOP spending package. Republicans have proposed a series of rollbacks in the bill,
Tesla’s stock has experienced major fluctuations since the Nov. 5 presidential election. AFP via Getty Images. The company’s shares and its future are seen as inextricably tied to Musk.
Espresso on MSN3d
Tesla shares fall after America Party unveilingIt didn’t take long for Tesla to be once again negatively impacted by Musk’s political involvement. Shares dropped nearly 7% after Musk announced plans to launch a new U.S. political party following his feud with Donald Trump over the latter’s spending bill.