Tesla investors are clearly worried that CEO Elon Musk’s fiery new pledge to build a third US political party could inflict even more damage on the embattled company.

The EV maker has been put through the wringer by Musk’s antics, from cratering sales worldwide to an enormous drop in year-over-year revenues.

The company’s finances are in free fall. And now that president Donald Trump’s so-called “big, beautiful bill” has passed through Congress, Tesla’s crisis could soon take a major turn for the worse, the Financial Times reports.

To insiders, it seems…


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Last Update: July 8, 2025