Tesla shares fall nearly 7% in premarket after Elon Musk’s ‘American Party’ intent spooks Wall Street investors
Billionaire Elon Musk’s electric vehicle (EV) manufacturing company, Tesla Inc., shares dropped nearly 7% on the pre-market session after Musk’s intent to open a political party named the “American Party” spooked US market investors. Tesla shares dropped nearly 7% to $291.96 at 4:01 a.m. (EDT) on the premarket Nasdaq on Monday, 7 July 2025, ahead…