Elon Musk, the White House chief consultant, walks to the White House after he landed in the navy in the southern park with US President Donald Trump (uncovered) on March 9, 2025 in Washington, DC.
Samuel Corome Getty Images News | Gety pictures
Timing The shares in pre -market trade fell on Monday after the CEO Elon Musk Plans to form a new political party have announced.
The stock decreased by 7.13 % by 4:27 am
Musk said during the weekend that The party will be called “America’s Party” It can focus on “2 or 3 seats in the Senate and 8 to 10 homes.” He suggested that this be “enough to serve as a decisive vote on controversial laws, ensuring that they serve the true will of the people.”
The participation of billionaire in politics was a point of disagreement for investors. The musk earlier this year was part of the so -called Ministry of Governmental efficiency She worked closely with President Donald Trump – a step seen as It is possible to hurt the Tesla brand.
Mouc Dog left In May, which Tesla shares helped.
Now, the re -assembly of billionaire technology in the political arena makes investors tense.
“Simplyly, diving into politics, and is now trying to confront the Bildway Foundation is the exact opposite direction that Tesla/shareholders’ investors want to take it during this decisive period of the Tesla story,” said Dan Evez, the international head of technology research at Wedbush Securities, on Sunday.
“While the main supporters of the musk will support musk at every turn regardless of what, there is a wider feeling of exhaustion than many Tesla investors that Musk continues to go to the political track.”
He earned him the invasion of the former Musk praising Trump in the first days, but he has since drew anger at the American president.
The two clashed in various areas of politics, including Trump spending bill Who said Musk will increase the burden of American debt. Musk has A problem has been taken with certain discounts To impose taxes on credit and support solar energy, wind and electric cars.
Trump on Sunday MUSK move to form a “ridiculous” political party, adding that the Tesla president has gone “completely away from bars”.
Musk competes with more than just political turmoil. I mentioned Tesla a A 14 % decrease on an annual basis in car delivery operations In the second quarter, missing expectations. The company faces increasing competition, especially in its main market, China.
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