(NASDAQ:TSLA) tumbled by 6.79 percent on Monday to finish at $293.94 apiece and lost as much as $68 billion in market value amid concerns about Elon Musk’s feud with President Donald Trump. This followed Musk’s announcement that he would launch a new political party called the “America Party” and could focus on just two or three Senate seats and eight to 10 House districts,

Shares of EV giant Tesla Inc. (TSLA) are trading over 6% lower in pre-market trading on Monday after the company's CEO, Elon Musk, announced the formation of his new political party over the weekend.

One analyst called on Tesla's board of directors to act and set "ground rules" for Musk's political involvements.

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 7.4% in the morning session after CEO Elon Musk announced over the weekend his intention to form a new political party, the "America Party.

Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.

Tesla (NASDAQ: TSLA) is rallying today, up 4.43% despite the company reporting yet another miss in deliveries. Q2 2025 deliveries declined 14% year-over-year and came in at 384,122 vehicles vs. the Wall Street consensus estimate of 387,000.