Reported about 6 hours ago
Tesla stock dropped over 7% following CEO Elon Musk's political activities, including a proposed independent 'America Party' to challenge President Trump. Investors are increasingly worried about the potential loss of EV tax credits and regulatory credits due to Trump's proposed 'Big Beautiful Bill,' which may significantly impact Tesla's revenue from credit sales. Analysts have downgraded Tesla stock, predicting adverse effects on growth and investor sentiment.
Source: YAHOO