(BFM Stock Exchange) – Tesla’s director general announced the creation of his own political party in the United States, opposing Donald Trump a little more head on. This strengthens the fears of potentially negative measures against the automaker.
The title of the Tesla electric vehicle specialist fell almost 8% at the opening of Wall Street on Monday after its boss Elon Musk announced on Saturday the creation of his own political training, the “America’s party”.
Around 1:50 p.m. GMT, the group released 7.76% to 290.89 dollars, returning below the symbolic threshold of $ 1,000 billion in market capitalization.
The title reacts to the announcement of Elon Musk who fell this weekend. Tesla’s businessman and director general, formerly close to Donald Trump before blurring with the American president about the American finance law (the famous “Big, Beautiful, Bill”), announced the creation of his political party “The America’s party”.
Recall that Elon Musk was born in South Africa which prevents him from presenting himself to the American presidential election. On X (ex-Twitter), the businessman indicated to aim for a few seats in the American Senate (2-3) and the House of Representatives (8 to 10).
In view of the sometimes very tight distribution of the American Congress between Democrats and Republicans (the budget bill was only adopted in the Senate with the voice of the American vice-president, JD Vance), this type of representation can tip the balance on crucial texts.
Obviously, Donald Trump did not really appreciate the announcement, describing the decision as “ridiculous”.
>> Access our exclusive graphic analyzes, and enter into the confidence of the trading portfolio
Exhausted investors
Since the cloth burns ardently between the American president and Elon Musk, investors fear that the public authorities take measures that would penalize Tesla. Last week, Trump threatened to remove all the subsidies granted to Elon Musk companies, including Tesla or Space X. This had already seriously shed the action.
“Musk plunged more deep into politics and is now trying to tackle the establishment, which is exactly the opposite direction that Tesla’s investors/shareholders want him to take during this crucial period for the history of Tesla,” deplores Dan Ives de Wedbush.
“While the hard core of the supporters of Musk will support him at each turn whatever happens, many investors of Tesla experience a general feeling of exhaustion at the idea that Musk continues to engage on the path of politics,” he continues.
For the expert, the creation of his own party by Musk will make him “waste precious time for Tesla, Space X, etc. for the benefit of politics”.
Tesla is currently found in a pivotal period for its autonomy technologies. The company also launched its Robotaxis service last month in Texas and plans to expand it to more cities during the year before a large -scale deployment in 2026.
Under certain hypotheses, the Swiss Bank UBS calculated that these Robotaxis services could generate more than $ 200 billion in revenues by 2040.
More broadly, Elon Musk himself believes that autonomy technologies represent the main on the valuation of Tesla (around $ 1,000 billion in market capitalization).
But Dan Ives fears that the Trump administration creates “obstacles” to the deployment of society’s technologies (as well as for Space X) “in the years to come, if this political battle becomes more ‘nasty’ as the mid-term elections in 2026” approach.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.