
The potential launch of the America Party by billionaire Elon Musk could result in him committing more time to politics once again, putting key time with Tesla Inc. (NASDAQ:TSLA) on the back burner.
What Happened: Passage of the "Big Beautiful Bill" by Congress and President Donald Trump could be bad for Tesla and the electric vehicle sector due to the elimination of the $7,500 consumer tax credit and no demand for Tesla's regulatory credits.