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BTCC / BTCC Square / Global Cryptocurrency /
Tesla Shares Plunge Amid Musk’s Political Venture, Crypto Markets Watch Closely

Tesla Shares Plunge Amid Musk’s Political Venture, Crypto Markets Watch Closely

Author:
Global Cryptocurrency
Published:
2025-07-07 10:38:02
10
3
BTCCSquare news:

Tesla's stock tumbled over 10% on the Frankfurt exchange as Elon Musk unveiled plans for a 'America Party,' drawing sharp criticism from investors and political figures alike. The proposed movement, aimed at addressing the $36 trillion national debt through monetary reform, was dismissed by former President Donald TRUMP as 'ridiculous.' Market reactions suggest growing unease with Musk's diversion from core business priorities.

The fallout extended beyond equities. Azoria Partners abruptly halted its Tesla Innovation ETF launch, citing Musk's political entanglements as a risk factor. 'We're taking a cautious approach,' the firm stated, underscoring how executive activism can derail financial products even after generating substantial hype.

|Square

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