World News Tesla Shares dip 3% after Elon Musk reveals political party plans Modupeola Showunmi July 7, 2025 Tesla’s stock dropped by over 3% on Monday following Elon Musk’s announcement that he plans to launch a new U.S. political party — a move that has sparked concerns among investors about his focus on the company. The news also heightened tensions between Musk and former President Donald Trump, marking a fresh chapter in their ongoing rivalry. According to Reuters, Tesla shares fell in Frankfurt trading, signaling another potential dip when U.S. markets reopen after the Independence Day holiday weekend. Dan Ives, a veteran tech analyst at Wedbush, told Reuters that Musk’s political ambitions could weigh heavily on Tesla’s stock. “Musk is Tesla’s biggest strength. But diving into politics again, especially while clashing with Trump, could hurt investor confidence,” Ives said in a note on Sunday. He added that it wouldn’t be surprising if Tesla’s board eventually steps in, depending on how far Musk pursues his political goals. Meanwhile, Trump dismissed Musk’s “America Party” plan as “ridiculous” on Sunday, criticizing the tech mogul and suggesting a conflict of interest had existed when Musk’s ally was chosen to lead NASA, given Musk’s business ventures in space. Advertisement Tags: Elon Musk Tesla Post navigation Previous Previous post: Oyo Legislature Begins Recruitment Drive, Job Portal Now Live for ApplicantsNext Next post: Omokri criticizes Peter Obi over debt comments, accuses him of misleading public Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Related News Crime and Metro World News UK doctor charged with sexually assaulting 38 patients December 6, 2025 0 Crime and Metro World News Four dead, 10 injured as man opened fire in California November 30, 2025 0
