New legislation in the United States would make it even less affordable to buy electric vehicles. *Stock prices used were the afternoon prices of July 5, 2025. The video was published on July 7, 2025.

Shares in Tesla tanked by as much as 7.6% in premarket trading Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from US President Donald Trump.

Detroit automaker General Motors has accelerated EV sales and market share while Texas-based Tesla cratered this spring due to criticism of Musk.

Tesla’s stock price has plunged in response to Elon Musk’s announcement of a new political party and his latest attacks on President Donald Trump. Investors are once again concerned about Musk’s focus as the company’s CEO announced over the weekend that he has launched the America Party.

Nikola Tesla was a Balkan visionary whose influence continues to shape the very world in which we live in myriad ways. Every year on July 10, the world marks the birth of Nikola Tesla—a man whose genius continues to shape our technological civilization.

Shares of electric vehicle maker Tesla tumbled 8% in morning trading as the feud between CEO Elon Musk and Trump reignited over the weekend