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Tesla shares drop 7% in premarket trading after Elon Musk says he is launching a political party
CNBC (Business News) ^ | 07 July 2025 | Arjun Kharpal

Posted on 07/07/2025 1:58:54 AM PDT by zeestephen

Tesla shares fell around 7% in premarket trade on Monday after Musk's announcement...Tesla shareholders have wanted Musk to stay away from politics, especially after his stint at the so-called Department of Government Efficiency, which many have said damaged the automaker's brand.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
KEYWORDS: africanamerican; ai; americaparty; elonmusk
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TSLA real time quote:

https://www.cnbc.com/quotes/TSLA?qsearchterm=tsla

1 posted on 07/07/2025 1:58:54 AM PDT by zeestephen
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To: zeestephen

Good.


2 posted on 07/07/2025 2:05:34 AM PDT by quilterdebbie (We will endeavor to persevere!)
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To: zeestephen

Bannon was right about Elon. He’s a walking government subsidy, and without American taxpayers Telsa won’t exist. I doubt he can get back in Trump’s good graces but now would be a good time for him to try.


3 posted on 07/07/2025 2:06:07 AM PDT by JonPreston ( ✌ ☮️ )
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To: JonPreston

Tesla


4 posted on 07/07/2025 2:06:42 AM PDT by JonPreston ( ✌ ☮️ )
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To: zeestephen

One of the things we always say here is that it’s best for business tycoons to stay in their lane if they want their businesses to do well.

Musk aligned with Trump, and thus lost close to half his customer base. Now Musk is aligned AGAINST Trump and in the process of losing the other half, which only goes to prove that business brains DOES NOT translate into political brains.


5 posted on 07/07/2025 2:11:43 AM PDT by BobL
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To: zeestephen

I’ll be buying more. Elon stepped on his dick big time and he’s a dilshit, but the stock market will move on without him eventually.


6 posted on 07/07/2025 2:16:27 AM PDT by lefty-lie-spy (Stay Metal)
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To: zeestephen

Musk is being ridiculed on his own X after it was revealed his party’s secretary and Treasurer are Indians! It’s the H1B party! LOL


7 posted on 07/07/2025 3:17:52 AM PDT by montag813
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To: montag813

Buying opportunity...


8 posted on 07/07/2025 3:27:27 AM PDT by aklurker
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To: zeestephen

I really would not want to be driving a Tesla now. Before it was the cucks and moonbats who hated you. Now there is a whole new group of people you’d be better off no FAing around with.


9 posted on 07/07/2025 3:28:46 AM PDT by Wilderness Conservative (Nature is the ultimate conservative)
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To: zeestephen

Strange behavior .
I can see his fit over
1. all the EV credits were wiped out
2. his H1 visas invasion was stopped

But this seems more like Bi Polar activity


10 posted on 07/07/2025 4:05:32 AM PDT by ncalburt ( Gop DC Globalists are the evil)
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To: zeestephen

Turns out to be a FAKE RUMOR, LEFT STARTED.


11 posted on 07/07/2025 4:37:54 AM PDT by GailA (STOP COMPLAINING, AMERICA NEEDS YOUR FULL SUPPORT NOT SOMETIMES, ALWAYS.)
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To: zeestephen

Turns out to be a FAKE RUMOR, LEFT STARTED.

MUSK SAYS NEW PARTY IS FALSE

Musk Says Party Paperwork Is ‘False’ After MAGA Melt Down
https://www.yahoo.com/news/maga-melts-down-musk-files-185652517.html


12 posted on 07/07/2025 4:40:52 AM PDT by GailA (STOP COMPLAINING, AMERICA NEEDS YOUR FULL SUPPORT NOT SOMETIMES, ALWAYS.)
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To: zeestephen

Turns out to be a FAKE RUMOR, LEFT STARTED.

MUSK SAYS NEW PARTY IS FALSE

Musk Says Party Paperwork Is ‘False’ After MAGA Melt Down
https://www.yahoo.com/news/maga-melts-down-musk-files-185652517.html

Elon Musk Says America First Filing ‘False’ And Has Been Reported To The Election Commission
https://www.benzinga.com/markets/tech/25/07/46268694/elon-musks-america-party-plans-conflict-with-his-full-time-responsibilities-as-tesla-ceo-says-former


13 posted on 07/07/2025 4:45:18 AM PDT by GailA (STOP COMPLAINING, AMERICA NEEDS YOUR FULL SUPPORT NOT SOMETIMES, ALWAYS.)
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To: JonPreston
Musk must be worried about losing this carbon credit cash cow...


14 posted on 07/07/2025 4:48:26 AM PDT by Fresh Wind (Kamala defines herself in just 4 words..."Nothing comes to mind.")
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To: GailA

My un asked for opinion: Elon Musk is a genius, but he’s on the spectrum & gets caught up/hung up on things for a bit. That being said: The Tesla cars will pick up again at some point, I think the Robotaxi thing will eventually pay off as well. The big thing though for me is the Tesla robots. I think Musk has the right idea on these, and they could be the biggest thing yet & I think it will be.


15 posted on 07/07/2025 4:53:33 AM PDT by aklurker
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To: aklurker

My un asked for opinion: Elon Musk is a genius, but he’s on the spectrum & gets caught up/hung up on things for a bit. That being said: The Tesla cars will pick up again at some point, I think the Robotaxi thing will eventually pay off as well. The big thing though for me is the Tesla robots. I think Musk has the right idea on these, and they could be the biggest thing yet & I think it will be.
*****
Agree 100%


16 posted on 07/07/2025 5:00:22 AM PDT by yldstrk
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To: zeestephen

You forgot to mention Tesla stock is up 1000% since inception.


17 posted on 07/07/2025 5:05:34 AM PDT by Bobbyvotes (TERM LIMITS IS THE ONLY WAY TO STOP CORRUPT CAREER POL ITICIANS. York )
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To: montag813

World’s richest country has 33% H1-B type workers. USA has less than 1% H1-B workers.


18 posted on 07/07/2025 5:09:27 AM PDT by Bobbyvotes (TERM LIMITS IS THE ONLY WAY TO STOP CORRUPT CAREER POL ITICIANS. York )
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To: zeestephen
He's going to have both democrats and republicans burning Teslas.
19 posted on 07/07/2025 5:11:53 AM PDT by McGruff
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To: zeestephen

@elonmusk

Elon - please tell us your little brush with politics didn’t corrupt you or go to your head.
Being he richest man on the planet, you can weather any political changes - most of us don’t have that luxury....introducing a 3rd party now will simply undo all your efforts with DOGE by handing the Dems a present.


20 posted on 07/07/2025 5:26:56 AM PDT by trebb (So many fools - so little time...)
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