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Benzinga
Benzinga
Business
Namrata Sen

Tesla Stock Falls Nearly 5% In Tuesday Pre-Market: What's Going On?

Elon Musk Donald Trump Tesla Inc. Troy Teslike United States
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Shares of Tesla Inc. (NASDAQ:TSLA) declined 4.78% during Tuesday pre-market session after CEO Elon Musk reignited political comeback rumors following his criticism of President Donald Trump‘s spending bill.

What Happened: Late Monday, Musk expressed his disapproval of the spending bill on social media platform X, stating, “If this insane spending bill passes, the America Party will be formed the next day.” He further criticized the existing political system, calling for alternative parties to give Americans a voice.

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