Reported 23 days 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