{"id":7001,"date":"2025-07-08T22:36:09","date_gmt":"2025-07-08T22:36:09","guid":{"rendered":"https:\/\/www.newsmakers.com.pk\/en\/?p=7001"},"modified":"2025-07-08T22:36:13","modified_gmt":"2025-07-08T22:36:13","slug":"elon-musk-loses-76-billion-as-tesla-market-crash","status":"publish","type":"post","link":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/","title":{"rendered":"Elon Musk Loses $76 Billion as Tesla Market Crash"},"content":{"rendered":"\n<p><strong>Web Desk:<\/strong><\/p>\n\n\n\n<p>Following the announcement of his new political party, Elon Musk is now facing not only political backlash but also a massive financial loss, with his company <strong>Tesla\u2019s market value plunging by nearly \\$76 billion<\/strong>.<\/p>\n\n\n\n<p>According to <em>The Guardian<\/em>, Tesla shares dropped by 7.5% when the stock market opened on Monday \u2014 a reaction that came immediately after Musk announced the formation of the \u201cAmerica Party.\u201d<\/p>\n\n\n\n<p>Analysts say investors are concerned that Musk\u2019s increasing political involvement may negatively affect his companies \u2014 particularly Tesla \u2014 and hinder future growth.<\/p>\n\n\n\n<p>Musk\u2019s political move has sparked a fierce response from U.S. President Donald Trump, who slammed the initiative as \u201cridiculous\u201d in a social media post.<br>\u201cElon Musk has completely lost it. He\u2019s a total disaster,\u201d Trump wrote.<\/p>\n\n\n\n<p>Responding via his platform <strong>X<\/strong>, Musk said:<br>\u201cWe are living under a one-party system, not a democracy. The \u2018America Party\u2019 is here to restore your freedom.\u201d<\/p>\n\n\n\n<p>The investor unrest reflects growing doubts about Musk\u2019s shifting priorities \u2014 especially given that he is already overseeing several major ventures, including <strong>Tesla, SpaceX, Neuralink,<\/strong> and <strong>X<\/strong>.<\/p>\n\n\n\n<p>Analysts warn that if Musk continues down this political path, investor confidence could weaken further, and <strong>Tesla\u2019s market dominance<\/strong> might also suffer.<\/p>\n\n\n\n<p>Political Tensions Reach Outer Space<\/p>\n\n\n\n<p>The ongoing rift between <strong>Elon Musk and Donald Trump<\/strong> has now spilled into the space sector. In a shocking move, Musk recently threatened to withdraw SpaceX\u2019s Dragon spacecraft from U.S. government contracts, sparking concern within NASA and among astronauts.<\/p>\n\n\n\n<p>Once considered allies, <strong>Trump and Musk<\/strong> are now fierce political rivals \u2014 a fallout that began after Trump introduced a controversial economic bill that <strong>cut taxes on Social Security, overtime pay, and tipped wages<\/strong>.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.newsmakers.com.pk\/en\/business\/e-commerce-platforms-in-pakistan\/6975\/\">E-commerce Platforms in Pakistan Face New Tax Regime<\/a><\/p>\n\n\n\n<p>Musk denounced the bill as a <strong>\u201csatanic law\u201d<\/strong>, triggering a war of words. In response, Trump criticized Musk and hinted at reconsidering federal contracts awarded to his companies.<\/p>\n\n\n\n<p>Musk fired back with a bombshell, announcing plans to <strong>decommission the Dragon spacecraft<\/strong> \u2014 a vital system currently used to <strong>transport astronauts to the International Space Station (ISS).<\/strong><\/p>\n\n\n\n<p>The statement sent shockwaves across the space exploration community.<br>Would NASA be forced to shut down the ISS earlier than scheduled?<br>Would the agency have to rely on Boeing\u2019s still-unproven <strong>Starliner<\/strong> as an emergency backup?<br>These pressing questions surfaced amid the unfolding drama.<\/p>\n\n\n\n<p>From Government Advisor to Political Opponent<\/p>\n\n\n\n<p>It is worth noting that Musk was once appointed by Trump as the head of the <strong>Department of Government Efficiency<\/strong>, but just days later, he resigned following strong disagreements over Trump\u2019s \u201c<strong>Big Beautiful Bill<\/strong>.\u201d<\/p>\n\n\n\n<p>Since then, the relationship between the two has deteriorated rapidly, turning them into bitter political foes. Musk\u2019s <strong>launch of a new political party<\/strong> is widely seen as a <strong>direct challenge to Trump<\/strong>, with the intention of giving him a tough time in upcoming elections.<\/p>\n\n\n\n<p>Tensions have escalated to the point where <strong>President Trump has even hinted<\/strong> at the possibility of <strong>deporting Elon Musk from the United States.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Web Desk: Following the announcement of his new political party, Elon Musk is now facing not only political backlash but also a massive financial loss, with his company Tesla\u2019s market value plunging by nearly \\$76 billion. According to The Guardian, Tesla shares dropped by 7.5% when the stock market opened on Monday \u2014 a reaction &hellip;<\/p>\n","protected":false},"author":1,"featured_media":7002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-7001","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Elon Musk Loses $76 Billion as Tesla Market Crash<\/title>\n<meta name=\"description\" content=\"Elon Musk\u2019s announcement of the \u201cAmerica Party\u201d triggers backlash as Tesla\u2019s value drop by $76 billion. More details.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk Loses $76 Billion as Tesla Market Crash\" \/>\n<meta property=\"og:description\" content=\"Elon Musk\u2019s announcement of the \u201cAmerica Party\u201d triggers backlash as Tesla\u2019s value drop by $76 billion. More details.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsMakers-Daily Latest Urdu Breaking News Updates\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-08T22:36:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-08T22:36:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.newsmakers.com.pk\/en\/wp-content\/uploads\/2025\/07\/Elon-Musk-and-Trump-1-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"xaibi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"xaibi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/\"},\"author\":{\"name\":\"xaibi\",\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/#\/schema\/person\/a5a5dbc67a265a2468c183451fea1ad1\"},\"headline\":\"Elon Musk Loses $76 Billion as Tesla Market Crash\",\"datePublished\":\"2025-07-08T22:36:09+00:00\",\"dateModified\":\"2025-07-08T22:36:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/\"},\"wordCount\":505,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.newsmakers.com.pk\/en\/wp-content\/uploads\/2025\/07\/Elon-Musk-and-Trump-1-1.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/\",\"url\":\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/\",\"name\":\"Elon Musk Loses $76 Billion as Tesla Market Crash\",\"isPartOf\":{\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.newsmakers.com.pk\/en\/wp-content\/uploads\/2025\/07\/Elon-Musk-and-Trump-1-1.webp\",\"datePublished\":\"2025-07-08T22:36:09+00:00\",\"dateModified\":\"2025-07-08T22:36:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/#\/schema\/person\/a5a5dbc67a265a2468c183451fea1ad1\"},\"description\":\"Elon Musk\u2019s announcement of the \u201cAmerica Party\u201d triggers backlash as Tesla\u2019s value drop by $76 billion. More details.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#primaryimage\",\"url\":\"https:\/\/www.newsmakers.com.pk\/en\/wp-content\/uploads\/2025\/07\/Elon-Musk-and-Trump-1-1.webp\",\"contentUrl\":\"https:\/\/www.newsmakers.com.pk\/en\/wp-content\/uploads\/2025\/07\/Elon-Musk-and-Trump-1-1.webp\",\"width\":600,\"height\":300,\"caption\":\"Elon Musk lose 76 BN dollars\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.newsmakers.com.pk\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Elon Musk Loses $76 Billion as Tesla Market Crash\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/#website\",\"url\":\"https:\/\/www.newsmakers.com.pk\/en\/\",\"name\":\"NewsMakers-Daily Latest Urdu Breaking News Updates\",\"description\":\"We Make Better News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.newsmakers.com.pk\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/#\/schema\/person\/a5a5dbc67a265a2468c183451fea1ad1\",\"name\":\"xaibi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.newsmakers.com.pk\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e3ce6fce3bb0cef4ab2209a0d0d12821788c37ec6dbd8d0e243052821e76ba13?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e3ce6fce3bb0cef4ab2209a0d0d12821788c37ec6dbd8d0e243052821e76ba13?s=96&d=mm&r=g\",\"caption\":\"xaibi\"},\"sameAs\":[\"http:\/\/newsmakers.com.pk\/en\"],\"url\":\"https:\/\/www.newsmakers.com.pk\/en\/author\/xaibi\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Elon Musk Loses $76 Billion as Tesla Market Crash","description":"Elon Musk\u2019s announcement of the \u201cAmerica Party\u201d triggers backlash as Tesla\u2019s value drop by $76 billion. More details.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/","og_locale":"en_US","og_type":"article","og_title":"Elon Musk Loses $76 Billion as Tesla Market Crash","og_description":"Elon Musk\u2019s announcement of the \u201cAmerica Party\u201d triggers backlash as Tesla\u2019s value drop by $76 billion. More details.","og_url":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/","og_site_name":"NewsMakers-Daily Latest Urdu Breaking News Updates","article_published_time":"2025-07-08T22:36:09+00:00","article_modified_time":"2025-07-08T22:36:13+00:00","og_image":[{"width":600,"height":300,"url":"https:\/\/www.newsmakers.com.pk\/en\/wp-content\/uploads\/2025\/07\/Elon-Musk-and-Trump-1-1.webp","type":"image\/webp"}],"author":"xaibi","twitter_card":"summary_large_image","twitter_misc":{"Written by":"xaibi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#article","isPartOf":{"@id":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/"},"author":{"name":"xaibi","@id":"https:\/\/www.newsmakers.com.pk\/en\/#\/schema\/person\/a5a5dbc67a265a2468c183451fea1ad1"},"headline":"Elon Musk Loses $76 Billion as Tesla Market Crash","datePublished":"2025-07-08T22:36:09+00:00","dateModified":"2025-07-08T22:36:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/"},"wordCount":505,"commentCount":0,"image":{"@id":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#primaryimage"},"thumbnailUrl":"https:\/\/www.newsmakers.com.pk\/en\/wp-content\/uploads\/2025\/07\/Elon-Musk-and-Trump-1-1.webp","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/","url":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/","name":"Elon Musk Loses $76 Billion as Tesla Market Crash","isPartOf":{"@id":"https:\/\/www.newsmakers.com.pk\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#primaryimage"},"image":{"@id":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#primaryimage"},"thumbnailUrl":"https:\/\/www.newsmakers.com.pk\/en\/wp-content\/uploads\/2025\/07\/Elon-Musk-and-Trump-1-1.webp","datePublished":"2025-07-08T22:36:09+00:00","dateModified":"2025-07-08T22:36:13+00:00","author":{"@id":"https:\/\/www.newsmakers.com.pk\/en\/#\/schema\/person\/a5a5dbc67a265a2468c183451fea1ad1"},"description":"Elon Musk\u2019s announcement of the \u201cAmerica Party\u201d triggers backlash as Tesla\u2019s value drop by $76 billion. More details.","breadcrumb":{"@id":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#primaryimage","url":"https:\/\/www.newsmakers.com.pk\/en\/wp-content\/uploads\/2025\/07\/Elon-Musk-and-Trump-1-1.webp","contentUrl":"https:\/\/www.newsmakers.com.pk\/en\/wp-content\/uploads\/2025\/07\/Elon-Musk-and-Trump-1-1.webp","width":600,"height":300,"caption":"Elon Musk lose 76 BN dollars"},{"@type":"BreadcrumbList","@id":"https:\/\/www.newsmakers.com.pk\/en\/business\/elon-musk-loses-76-billion-as-tesla-market-crash\/7001\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.newsmakers.com.pk\/en\/"},{"@type":"ListItem","position":2,"name":"Elon Musk Loses $76 Billion as Tesla Market Crash"}]},{"@type":"WebSite","@id":"https:\/\/www.newsmakers.com.pk\/en\/#website","url":"https:\/\/www.newsmakers.com.pk\/en\/","name":"NewsMakers-Daily Latest Urdu Breaking News Updates","description":"We Make Better News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.newsmakers.com.pk\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.newsmakers.com.pk\/en\/#\/schema\/person\/a5a5dbc67a265a2468c183451fea1ad1","name":"xaibi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.newsmakers.com.pk\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e3ce6fce3bb0cef4ab2209a0d0d12821788c37ec6dbd8d0e243052821e76ba13?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e3ce6fce3bb0cef4ab2209a0d0d12821788c37ec6dbd8d0e243052821e76ba13?s=96&d=mm&r=g","caption":"xaibi"},"sameAs":["http:\/\/newsmakers.com.pk\/en"],"url":"https:\/\/www.newsmakers.com.pk\/en\/author\/xaibi\/"}]}},"_links":{"self":[{"href":"https:\/\/www.newsmakers.com.pk\/en\/wp-json\/wp\/v2\/posts\/7001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsmakers.com.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsmakers.com.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsmakers.com.pk\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsmakers.com.pk\/en\/wp-json\/wp\/v2\/comments?post=7001"}],"version-history":[{"count":1,"href":"https:\/\/www.newsmakers.com.pk\/en\/wp-json\/wp\/v2\/posts\/7001\/revisions"}],"predecessor-version":[{"id":7003,"href":"https:\/\/www.newsmakers.com.pk\/en\/wp-json\/wp\/v2\/posts\/7001\/revisions\/7003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsmakers.com.pk\/en\/wp-json\/wp\/v2\/media\/7002"}],"wp:attachment":[{"href":"https:\/\/www.newsmakers.com.pk\/en\/wp-json\/wp\/v2\/media?parent=7001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsmakers.com.pk\/en\/wp-json\/wp\/v2\/categories?post=7001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsmakers.com.pk\/en\/wp-json\/wp\/v2\/tags?post=7001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}