Musk Tells Tesla Bull Dan Ives to 'Shut Up'
July 9, 2025
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0:15Now PlayingMusk Tells Tesla Bull Dan Ives to 'Shut Up'
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as posted by the channelTesla Inc. shares fell after Elon Musk announced he’s forming a new political party, digging deeper into a pursuit that’s been a drag on his most valuable business.
The chief executive officer announced over the weekend that he’ll take on Republicans and Democrats with the “America Party,” focusing on House and Senate seats for the next 12 months. After that, backing a candidate for president isn’t out of the question, Musk wrote on X.
Tesla’s stock slid 6.8% Monday in New York, wiping out $15.3 billion from his net worth, according to the Bloomberg Billionaires Index. That marked the biggest decline for the shares since Musk’s initial falling out with Donald Trump over the president’s tax bill in early June.
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