The political turmoil caused by billionaire Elon Musk has once again had a direct impact on the financial market. On Monday (7), Tesla shares plummeted more than 4%, increasing the losses accumulated in recent months and causing a reduction of US$13.5 billion (approximately R$70 billion) in the wealth of the entrepreneurs. The information is from the Reuters agency.
The negative movement gained strength after Musk announced last Saturday (5) the creation of the “America Party”, a new political party in the United States. The initiative rekindled investors’ fears about the billionaire’s level of focus and commitment to Tesla, which has already faced operational challenges and disappointing results.
In addition to concerns about Musk’s lack of attention to the company, the risk of political retaliation weighs on the market. US President Donald Trump has been unhappy with the businessman’s stance, especially after the announcement of his new party and criticism of the economic package “One Big, Beautiful Bill”, which includes tax cuts and government spending.
The dispute between Trump and Musk has intensified in recent weeks, with barbs being exchanged on social media and public threats that federal contracts and subsidies directed at Tesla could be reviewed.
“Investors are worried about two things: one is the possibility of Trump retaliating by affecting subsidies, and the other — more importantly — is a distracted Musk,” assessed Neil Wilson, strategist at Saxo Markets, in the United Kingdom.
The political tension, coupled with Tesla’s weak results, has created a volatile situation. The company’s second consecutive drop in vehicle deliveries has raised concerns about its performance in a fiercely competitive global market. In 2025 alone, Tesla shares have already depreciated by more than 21%.
The current scenario starkly contrasts with the optimism that prevailed at the end of last year. After Trump’s reelection in November, Tesla shares reached a high of over US$488 in December. Since then, the value of the shares has declined by 35%, trading at US$315.35 as of last Friday.
Despite this, Musk remains at the top of the list of the wealthiest people in the world, with an estimated net worth of US$391.7 billion (approximately R$2.1 trillion), according to Forbes magazine’s ranking.
Amid criticism, the billionaire stated in May that he intended to reduce his involvement in political disputes and remain as CEO of Tesla for at least another five years, in an attempt to deceive investors. However, the launch of the “America Party” indicates that his presence in the North American political scene should continue to be a source of controversy and uncertainty for the market.
For analyst Dan Ives, from Wedbush, the wear and tear among investors is already evident. “Many of the company’s investors are showing a sense of exhaustion in the face of Musk’s insistence on getting involved in politics,” he summarized.
Source: www.brasil247.com