AssetID: 54898232
Headline: UNCAPTIONED: Tesla Shares Drop as Musk's "America Party" Stirs Investor Concerns
Caption: Tesla Shares Drop as Musk's "America Party" Stirs Investor Concerns. Tesla shares fell over 3% on Monday, driven by investor concerns over Elon Musk's political ambitions. Musk’s announcement of plans to form a new U.S. political party, the "America Party," escalated his feud with President Trump. The stock decline continued in Frankfurt, indicating further losses once premarket trading resumes after the Independence Day weekend. Tech analyst Dan Ives warned that Musk’s political focus could pressure Tesla's stock, as he remains the company’s key asset. Ives emphasized that Tesla needs Musk as CEO, not to become entangled in politics and risk alienating Trump. There are growing concerns that the Tesla board might intervene if Musk’s political involvement escalates. Trump criticized Musk's "America Party" plans, calling them "ridiculous" and questioning potential conflicts of interest with NASA. Musk’s political pursuits could further complicate Tesla’s business outlook, especially with his existing space industry interests. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Motoring,Tesla,Elon Musk,America Party,investor concerns,stock drop,political ambitions,Dan Ives,Trump feud,NASA,tech industry,Donald Trump
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