The political uproar caused by billionaire Elon Musk has once again directly impacted the financial markets. On Monday (7), Tesla shares plummeted more than 4%, amplifying accumulated losses from recent months and causing a US$13.5 billion (approximately R$ 70 billion) reduction in the entrepreneur’s fortune. The information is from Reuters agency.
The negative movement gained strength after Musk announced on Saturday (5) the creation of the “America Party”, a new political party in the United States. The initiative reignited investors’ fears about the billionaire’s level of focus and commitment to Tesla, which is already facing operational challenges and disappointing results.
In addition to concerns about Musk’s lack of attention to the company, the market is weighing the risk of political retaliation. US President Donald Trump is dissatisfied with the businessman’s position, especially after the announcement of his new party and criticism of the “One Big, Beautiful Bill” economic package, which includes tax cuts and government spending reductions.
The dispute between Trump and Musk has intensified in recent weeks, with exchanges of barbs on social media and public threats that federal contracts and subsidies for Tesla could be reviewed.
“Investors are worried about two things: one is the possibility of Trump retaliating by affecting subsidies, and the other—more important—is a distracted Musk”, assessed Neil Wilson, strategist at Saxo Markets in the United Kingdom.
The political tension, combined 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 more than 21%.
The current scenario contrasts sharply with the optimism that prevailed at the end of last year. After Trump’s reelection in November, Tesla shares reached a high of more than US$ 488 in December. Since then, the share price has fallen 35%, trading at US$ 315.35 last Friday.
Despite this, Musk remains at the top of the world’s richest people list, with an estimated net worth of US$ 391.7 billion (approximately R$ 2.1 trillion), according to Forbes magazine’s ranking.
Amid the criticism, the billionaire stated in May that he intended to reduce his involvement in political disputes and remain as Tesla CEO for at least another five years, in an attempt to fool investors. However, the launch of the “America Party” indicates that his presence on the US political scene will continue to be a source of controversy and uncertainty for the market.
For analyst Dan Ives of Wedbush, investor fatigue is already evident. “Many of the company’s investors are showing a sense of exhaustion with Musk’s insistence on getting involved in politics”, he summarized.
Source: www.brasil247.com