Tesla Stock Declines Amid Musk's Political Aspirations and EV Credit Concerns

Reported about 13 hours ago

Tesla's stock fell about 6.8% following CEO Elon Musk's announcement of a potential new political party called the 'America Party' and concerns over regulatory changes from Trump's proposed 'One Big Beautiful Bill.' Analysts are worried that the loss of EV tax credits and regulatory credit sales could significantly impact Tesla's revenue, with recent assessments leading to a downgrade of the stock's rating. The ongoing political skirmish between Musk and Trump has left investors anxious, prompting fears about Tesla's future financial stability.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis