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Benzinga
Benzinga
Business
Chris Katje

Musk Political Push To Hurt Tesla Stock: 71% Say Stock Will Fall In Next 12 Months

Musk Tesla

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.

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