TSLA Price Action: Tesla stock closed at $295.88 on Wednesday versus a 52-week trading range of $182.00 to $488.54. Tesla stock is down 22% year-to-date in 2025 and could fall further if Musk spends more time away from the EV giant.

Stock shares in Elon Musk's car company Tesla fell about 7% Monday after the billionaire ex-DOGE chief announced plans to form his new "America Party."

Shares in Tesla tanked by as much as 7.6% in premarket trading Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from US President Donald Trump.

Tesla stock is sliding on Monday after CEO Elon Musk's latest foray into politics, and Wall Street is growing concerned over the loss of EV tax and regulatory credits stemming from Trump's "One Big Beautiful Bill.

Shares of electric vehicle maker Tesla tumbled 8% in morning trading as the feud between CEO Elon Musk and Trump reignited over the weekend

Elon Musk has been disparaging President Donald Trump on his X platform and unfollowing a number of notable MAGA Republicans.