Tesla Shares Drop Nearly 7% After Musk Announces New 'America Party' - Trading Data

NAMPA / Sputnik

2025-07-07

MOSCOW, July 7 (RIA Novosti) - Shares of US electric vehicle manufacturer Tesla fell by almost 7% on Monday in pre-market trading following Tesla CEO Elon Musk’s announcement of a new political party. Tesla stock dropped by 6.62% to $294.47 by 09:26 GMT, according to trading data. On Saturday, Musk announced the formation of the "America Party," following a feud with US President Donald Trump over a bill that would cut federal spending while p......

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