It’s Monday, and Wall Street is busy digesting the floods of news from the long holiday weekend.
Among the most market-moving developments was the passage of the Big Beautiful Bill (BBB) and a political bombshell: Elon Musk’s announcement of a new political party, the America Party. Interesting news nonetheless.
The markets didn’t take kindly to the announcement. Tesla stock nosedived nearly 7%, a sharp reaction to Musk’s latest move, which included publicly opposing Donald Trump’s tax bill, citing its projected $3.3 trillion increase to the national debt. Musk’s decision to launch a political alternative is being widely interpreted as a direct challenge to Trump, further intensifying their growing rift.
In a cryptic response to a question about Musk’s political ambitions, Trump remarked, “DOGE is the monster that might have to go back and eat Elon.” The bizarre statement only added more uncertainty—and likely more volatility to the situation.
Still, for long-term investors, this may be a moment to look past the noise. Tesla remains a high-value stock, representing innovation across engineering, technology, and transportation. Temporary political headlines, while dramatic, often have short-term effects.
Disclaimer: I’m not a shareholder. If you’re interested in Tesla or any stock, please do your own due diligence.
As always,
Yours pal,
-Ronnie-
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