Tesla stock tanks after Trump dismisses Musk’s new political party plan and calls him ‘off the rails’
Headline from KTVZ Bend
By Anna Cooban, CNN London (CNN) — Shares in Tesla plunged 6.79% Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from President Donald Trump. Shares in Tesla (TSLA) had dropped as much as 7.6% in premarket trading.
KTVZ Bend's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The Tesla CEO says both parties have failed and claims The American Party will fight government bloat, attract disillusioned Democrats, and shake up the system.
By Anna Cooban, CNN London (CNN) — Shares in Tesla plunged 6.79% Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from President Donald Trump. Shares in Tesla (TSLA) had dropped as much as 7.6% in premarket trading.
Shares of Elon Musk's dropped by more than seven percent on Monday morning following CEO Elon Musk's announcement of his intention to form a new political party dubbed the "America Party."
Tesla’s stock tumbled 7 percent Monday morning after Elon Musk launched a third party and received an icy response from President Trump. The tech billionaire announced Saturday he officially formed the America Party, a third party meant to challenge Republicans and Democrats, after weeks of floating…
Tesla shares fell nearly 7% in premarket trading today, after CEO Elon Musk’s plans to launch a new U.S. political party reignited investor concerns about his commitment to the electric-vehicle maker’s future.
During a feud with President Trump, Tesla Chief Executive Elon Musk announced plans to start his own political party. Shares for his company fell more than 6% Monday.
Dan Ives, an analyst with Wedbush Securities, wrote that Musk's continued push into politics is "exactly the opposite direction" investors want to see.
Stock shares in Elon Musk's car company Tesla fell about 7% Monday after the billionaire ex-DOGE chief announced plans to form his new "America Party."
Tesla stock plunged following Elon Musk's announcement of the formation of the "America Party" after criticizing the spending bill signed by President Donald Trump.
