{"id":2456263,"date":"2025-07-07T09:58:01","date_gmt":"2025-07-07T13:58:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tesla-shares-on-the-decline-amid-musks-launch-of-a-new-party\/"},"modified":"2025-07-07T09:58:54","modified_gmt":"2025-07-07T13:58:54","slug":"tesla-shares-on-the-decline-amid-musks-launch-of-a-new-party","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tesla-shares-on-the-decline-amid-musks-launch-of-a-new-party\/","title":{"rendered":"Tesla shares on the decline amid Musk\u2019s launch of a new party"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftesla-shares-on-the-decline-amid-musks-launch-of-a-new-party%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2456263&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Tesla&#8217;s stock has dropped significantly amid CEO Elon Musk&#8217;s plans to establish a new political party,dubbed the &#8220;America Party.&#8221; The stock fell 7% before the market opened,reflecting a turbulent period for tesla shares,which have been volatile since the year&#8217;s start. The decline appears correlated with Musk&#8217;s recent poll on social media, where 65.4% of respondents supported his idea for a new party to challenge the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >current political landscape dominated<\/a> by Republicans and Democrats. Musk views this initiative as a means to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/virginia-gov-glenn-youngkin-signals-new-leadership-with-11-executive-actions-on-first-day\/\" title=\"Virginia Gov. Glenn Youngkin Signals New Leadership with 11 Executive Actions on First Day\">restore individual freedoms<\/a>.<\/p>\n<p>In the context of these developments, Musk has criticized previous legislation, specifically the One Big Beautiful Bill Act, suggesting it could hinder tesla&#8217;s growth and inflate the national debt. His endorsement of Donald Trump, who is now expressing skepticism towards third-party efforts, adds another layer of complexity to the situation. Despite the decline in shares, they remain higher than when Musk initially backed Trump, even though their value has been on a steady decrease as that time.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Tesla shares on the decline amid Musk&rsquo;s launch of a new party<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2165127\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Electric vehicle company <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3460092\/trump-musk-spacex-tesla-government-contracts-big-beautiful-bill\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Tesla <\/a>saw its shares take a dive while its CEO, <a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3459370\/tommy-tuberville-elon-musk-questions-ability-to-fund-primary-challengers\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Elon Musk<\/a>, plotted online to create a <a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/3463597\/musk-signals-formation-of-america-party-following-x-poll\/\" target=\"_blank\" rel=\"noopener\" title=\"\">new political party<\/a>.<\/p>\n<p>Musk has long <a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3457381\/musk-blasts-senate-version-trump-tax-bill\/\" target=\"_blank\" rel=\"noopener\" title=\"\">complained<\/a> that the One Big Beautiful Bill Act would stifle his company&rsquo;s growth and contribute to the national debt before President Donald Trump signed it into law last week. Now, months after his endorsement of Trump, Musk is teasing an &ldquo;America Party&rdquo; to challenge Republican and Democratic politicians.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/3463693\/big-beautiful-bill-life-blood-small-businesses-kelly-loeffler\/\">&lsquo;Big, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mike-johnson-fights-to-keep-trumps-ear-as-house-agenda-stalls-washington-examiner\/\" title=\"Mike Johnson fights to keep Trump\u2019s ear as House agenda stalls - Washington Examiner\">beautiful bill&#038;rsquo<\/a>; is &lsquo;life blood for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-law-forces-small-businesses-to-cough-up-personal-data\/\" title=\"New Law Forces Small Businesses To Cough Up Personal Data\">small businesses&#038;rsquo<\/a>;: Kelly Loeffler<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/premium\/3459911\/can-trump-make-farming-great-again\/\">Can Trump make farming great again?<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/opinion\/3459517\/jerome-powell-cannot-give-trump-what-he-wants\/\">Fed Chairman Jerome Powell can&rsquo;t give Trump what he wants<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Tesla shares have been volatile since the start of the year, and they fell 7% before the market opened Monday.&nbsp;<\/p>\n<p>The latest decline followed a poll Musk conducted <a href=\"https:\/\/x.com\/elonmusk\/status\/1941119099532378580\" target=\"_blank\" rel=\"noopener\" title=\"on X\">on X<\/a> that found 65.4% of respondents favored the new party, while 34.6% voted against it. There were just over 1.2 million recorded responses.<\/p>\n<p>Musk suggested Saturday afternoon, after the poll results were in, that the &ldquo;America Party&rdquo; would be formed &ldquo;to give you back your freedom.&rdquo;<\/p>\n<p>After the poll, Trump voiced his concern over the third-party plan.<\/p>\n<p>&ldquo;The System seems not designed for them. The one thing Third Parties are good for is the creation of Complete and Total DISRUPTION &amp; CHAOS,&rdquo; he wrote Sunday. <\/p>\n<p>Republicans have been <a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/3459576\/nicole-malliotakis-elon-musk-effort-derail-the-president-agenda\/\" target=\"_blank\" rel=\"noopener\" title=\"\">dismissive<\/a> of Musk&rsquo;s <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3458824\/elon-musk-porky-pig-party-trump-bill-primary-threats\/\" target=\"_blank\" rel=\"noopener\" title=\"\">pledge <\/a>to help challenge &ldquo;every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history.&rdquo; Trump had been on the warpath to <a href=\"https:\/\/www.washingtonexaminer.com\/news\/3450538\/trump-advisers-maga-pac-thomas-massie-primary-challenge\/\" target=\"_blank\" rel=\"noopener\" title=\"\">campaign against <\/a>any members of the GOP who voted against it.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance\/3459873\/scott-bessent-mocks-musk-advice-take-care-of-the-finances\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>SCOTT BESSENT MOCKS MUSK&rsquo;S ADVICE: &lsquo;I WILL TAKE CARE OF THE FINANCES&rsquo;<\/strong><\/a><\/p>\n<p>In total, 51 Republican senators and 218 Republican representatives voted for the bill. Only four senators and two representatives from the party Musk once supported voted against it.<\/p>\n<p>Despite the recent decline, Tesla shares are still higher than they were when Musk first endorsed Trump. In the days before Trump&rsquo;s inauguration, shares peaked but have steadily declined since.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2165127\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2165127\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla shares drop as Musk announces plans for a new party<\/p>\n","protected":false},"author":2631,"featured_media":2456264,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/01\/Elon-Musk-2184862058.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[32192,33019,10467,6734],"class_list":["post-2456263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-elon-musk","tag-political-party","tag-stocks","tag-tesla"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/01\/Elon-Musk-2184862058.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2456263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2631"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2456263"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2456263\/revisions"}],"predecessor-version":[{"id":2456267,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2456263\/revisions\/2456267"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2456264"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2456263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2456263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2456263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}