Teslas US stock price fell more than 7% before the market opened, and Musks party formation caused concerns

By: odaily.com|2025/07/07 12:01:33

Odaily News Teslas stock price fell 7.6% before the U.S. stock market opened on Monday. If this continues during the official trading hours, it will be the biggest drop since Musk and Trump fell out over tax reform in early June (Teslas stock price has fallen 22% this year). Last Saturday, Musk announced the establishment of the American Party and said that he would focus on winning seats in the House of Representatives and the Senate in the coming year. He also hinted that he did not rule out the possibility of supporting a presidential candidate. William Blair analyst Jed Dorhimer said that investors are increasingly tired of this distraction, especially at a critical moment when the company needs Musks focus the most. His political involvement will only have a negative impact. Wedbush Securities analyst Dan Ives said that the board of directors must intervene. As a Tesla supporter, I am very disappointed. (Jinshi)

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