Tesla shares drop 7% after Elon Musk says he is launching a political party

cnbc.com/2025/07/07/tesla-tsla-shares-today.html

Tesla stock fell about 7% on Monday after CEO Elon Musk announced plans to form a new political party.
The stock was on pace for its worst day since June 5, when it fell 14% as the clash between Musk and President Donald Trump erupted.
Musk said Saturday that the party would be called…

This story appeared on cnbc.com, 2025-07-07 18:23:41.508000.
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