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

Benzinga
2025.07.10 00:21
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Elon Musk's potential political ambitions may negatively impact Tesla's stock, with a recent Benzinga poll indicating that 71% of respondents believe the stock will fall in the next 12 months. The poll reflects concerns over Musk's time commitment to Tesla amid his political pursuits, especially following the elimination of the $7,500 consumer tax credit. Wedbush analyst Dan Ives suggests that Tesla's board should implement measures to ensure Musk's focus remains on the company, as Tesla stock has already declined 21.9% year-to-date in 2025.