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Tesla Shares Plummet 7.6% as Elon Musk Announces New Political Party

Tesla Shares Plummet 7.6% as Elon Musk Announces New Political Party

BUSINESS - 7/7/2025

Tesla's stock took a nosedive of 7.6% in premarket trading after Elon Musk unveiled plans for a new political party, igniting backlash from Donald Trump. Investors fret over Musk's focus amid rising competition and declining sales.

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