Tesla's $1 trillion valuation is at risk as CEO Elon Musk's political ambitions and lack of a clear successor cause investors to worry about the company's future. Valuation is sky-high at 180x P/E, and without a solid plan, the Musk premium may disappear.
As the US market prepares to open on Monday, let's get an early glimpse into the pre-market session and identify the S&P500 stocks leading the pack in terms of gains and losses.
Tesla Inc. (NASDAQ: TSLA) stock plummeted nearly 7% in Monday pre-market trading in response to CEO Elon Musk's re-entry into the political landscape amid his ongoing dispute with President Donald Trump over the contentious "Big, Beautiful Bill."
Elon Musk's announcement of a new political party has led to the postponement of a Tesla Inc. (NASDAQ: TSLA) exchange-traded fund (ETF) launch by investment firm Azoria Partners.
Elon Musk's deepening feud with Donald Trump over massive federal spending has sparked warnings from tech leaders like David Friedberg, who say MAGA and Silicon Valley are too interdependent to afford a lasting political split.
The proposed plan envisions that U.S. users will eventually download the new app to continue using its service, but the new app will remain functional until March 2026.
During the “618 Shopping Festival”, the second-largest shopping event in China, the company said its high-end models topped rankings on major e-commerce platforms.
Elon Musk denied a viral FEC filing suggesting he launched a third party called the "America Party," calling it fake, as Donald Trump mocked the rumored move as a political "train wreck."
