The political turbulences stemming from billionaire Elon Musk have once again directly impacted the financial markets. On Monday (7), Tesla shares plummeted more than 4%, widening the accumulated losses from recent months and causing a reduction of US$ 13.5 billion (approximately R$ 70 billion) in the businessman’s net worth. The information comes from Reuters.
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 has already faced operational challenges and disappointing results.
In addition to concerns over Musk’s lack of attention to the company, the market is also weighed down by the risk of political retaliation. The President of the United States, Donald Trump, has shown dissatisfaction with the businessman’s stance, particularly after the announcement of the new party and criticisms of the economic package “One Big, Beautiful Bill”, 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 directed to 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 coincides with weak results from Tesla. The company recorded its second consecutive drop in vehicle deliveries, fueling doubts about its performance in an increasingly competitive global market. In 2025 alone, Tesla shares have already accumulated a devaluation of more than 21%.
The scenario contrasts with the optimism seen at the end of last year. After Trump’s re-election in November, Tesla shares surpassed US$ 488 in December. Since then, the stock value has fallen 35%, trading last Friday at US$ 315.35.
Despite this, Musk remains at the top of the world’s richest people list with an estimated net worth of US$ 391.7 billion (about 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’s CEO for at least another five years, in an attempt to fool investors. However, the launch of the “America Party” suggests that his presence in the U.S. political landscape will continue to be a source of controversies and uncertainties for the market.
For analyst Dan Ives of Wedbush, the fatigue among investors is already evident. “Many of the company’s investors are showing a sense of exhaustion over Musk’s insistence on getting involved in politics,” he summarized.
Fonte: www.brasil247.com