Tesla Tanks $68 Billion As Elon Musk Unveils 'America Party'—Investors Rattle Over Political Pivot, Trump Backlash Adds Fuel

Why did Tesla stock plunge after Musk's political move? How will Trump's new tariffs affect global trade? What caused Samsung's profit to halve this quarter? How did CoreWeave's acquisition impact its market position? Why is Apple losing top AI talent to Meta? What are the economic effects of Texas catastrophic floods? How is Amazon extending Prime Day influencing retail sales?

Tesla Tanks $68 Billion As Elon Musk Unveils 'America Party'—Investors Rattle Over Political Pivot, Trump Backlash Adds Fuel

benzinga.com/markets/tech/25/07/46291445/tesla-tanks-68-billion-as-elon-musk-unveils-america-party-investors-rattle-over-political-pivot-trum

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk‘s announcement of a new political party has had a significant impact on the electric vehicle maker. The company’s stock plummeted by 6.79% on Monday, resulting in a loss of over $68 billion in market capitalization.
What Happened: The stock drop…

This story appeared on benzinga.com, 2025-07-08 10:31:31.