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A Reignited Trump-Musk Feud Burns Tesla Investors, Shares of EV Company Tumble 8%
- Tesla's stock dropped 8% at the market's open on Monday following Elon Musk's announcement that he is launching a new political group called the America Party.
- Musk announced the creation of a new political party to express his opposition to the recent Republican spending legislation, which he criticized for threatening jobs and hindering developing sectors.
- The conflict between Musk and President Trump flared up again over the weekend, with Trump accusing Musk of being "off the rails" and warning that he might withdraw federal assistance from Musk's companies, Tesla and SpaceX.
- Since reaching a peak price of $479.76 on December 17, Tesla's stock has declined by nearly 40%, currently trading around $289.75 amid investor worries related to ongoing political tensions.
- Analyst Dan Ives warned that escalating tensions between Musk and Trump risk creating more hurdles for Musk's companies over the coming years as the political battle intensifies.
47 Articles
47 Articles
A reignited Trump-Musk feud burns Tesla investors as shares of EV company tumble 7%
Shares of Tesla tumbled 7% Monday as the feud between CEO Elon Musk and Trump reignited over the weekend. Musk, once a top donor and ally of Trump, announced that he was forming a third political party in protest over the Republican spending bill that passed late last week. Musk…
The Billings Gazette
News & RecordA reignited Trump-Musk feud burns Tesla investors
Shares of Tesla tumbled Monday as the feud between CEO Elon Musk and Trump reignited over the weekend.
The Mercury news
A reignited Trump-Musk feud burns Tesla investors, shares of EV company tumble 7%
By MATT OTT Shares of Tesla tumbled 7% Monday as the feud between CEO Elon Musk and Trump reignited over the weekend. Musk, once a top donor and ally of Trump, announced that he was forming a third political party in protest over the Republican spending bill that passed late last week. Musk has been highly critical of the bill, which he said would kill jobs and bog down burgeoning industries. In a social media post on Sunday, Trump said that the…
Tesla’s real struggles have only just begun
People hold signs as they gather in a protest outside a Tesla dealership in Lisbon against Tesla and SpaceX CEO Elon Musk on March 9th, 2025. | Photo: AFP via Getty Images Tesla used to be the envy of the auto world, with sky-high valuations, a relentless focus on tech, and a CEO that commanded unprecedented loyalty from his customers. Now the company's reputation is in shambles, its financial future looks increasingly grim, and its costly bets…
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