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Elon Musk's Declaration of a New Political Party Sparks Market Jitters, Tesla Shares Tumble 7% in Pre-market Session
1 day ago /
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Author：小编
On Monday, shares of Tesla plummeted 7.25% in pre-market trading following CEO Elon Musk's revelation of plans to establish a fresh political entity dubbed the "United States Party." Musk outlined that the party's objective is to secure between 2 and 3 seats in the Senate, as well as 8 to 10 districts in the House of Representatives, with the ambition of exerting a substantial influence on pivotal legislative votes. This pronouncement ignited market anxiety, as investors expressed apprehension over Musk's deepening engagement in politics, fearing it could divert his attention from managing Tesla, thereby potentially undermining the company's performance. As of this report, Tesla's share price has witnessed a marked downturn.
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