Key Points in This Article: AI robotics is set to transform industries, with Nvidia CEO Jensen Huang at CES 2025 forecasting a $1 trillion market by 2030.
Shares of Tesla rose 1% in premarket trading, but remained down more than 10% since Musk began to publicly go after Trump last month. The stock tumbled 6% Monday as investors reacted to Musk's launch of a new political party, leading to a $12 billion drop in Musk's net worth.
Tesla shares fell nearly 7% after Musk launched the America Party, escalating a feud with Donald Trump. Musk lost $15 billion in net worth following the sell-off, per the Bloomberg Billionaires Index.
Tesla (TSLA) reached $293.94 at the closing of the latest trading day, reflecting a -6.79% change compared to its last close.
Major U.S. equities indexes dropped to start the new trading week.
Last week, President Donald Trump signed his One Big Beautiful Bill Act into law. The legislation is unpopular with Americans across the political spectrum, primarily because it will cut critical social and health services for more than 10 million people while at the same time giving the country's wealthier individuals billions in tax breaks.
Tesla's stock is down because Elon Musk announced a new party. It should be up.
U.S. equities fell at midday as the market awaited word from the Trump administration about new tariffs. The Dow Jones Industrial Average, S&P 500, and Nasdaq all declined.
Elon Musk is diving back into US politics, and Tesla investors are not happy about it. Tesla's stock price plunged on Monday after the billionaire said he would form a new political party.
Tesla's stock dropped following CEO Elon Musk's announcement that he is forming the "America Party," reigniting political tensions weighing on investors.
The latest Morning Brief covers some of the biggest headlines for Monday, July 7. Stocks are being dragged lower on concerns about President Trump's July 9 tariff deadline.
Tesla shares fell sharply in early trading Monday after CEO Elon Musk said he will launch a new political party — renewing investor concerns after the mogul's dustup with President Donald Trump.