Billionaire Elon Musk’s electric vehicle (EV) manufacturing company, Tesla Inc., shares dropped nearly 7% on the pre-market session after Musk’s intent to open a political party named the“American Party” spooked US market investors. 

Tesla shares dropped nearly 7% to $291.96 at 4:01 a.m. (EDT) on the premarket Nasdaq on Monday, 7 July 2025, ahead of the Wall Street open. Shares are currently trading 6.23% lower at $294.59 as of 6:29 a.m. (EDT), compared to $315.35 at the previous market close on Friday, last week. 

Tesla Share Price Trend

Tesla shares closed flat with 0.10% losses at $315.35 after Friday’s US stock market session, compared to $315.65 in the previous market close. The shares dropped as soon as the premarket trading session opened for the US on Monday, 7 July 2025, according to Marketwatch data. 

In the last five years, Tesla shares have given stock market investors more than 206% returns on their investments, and 24.67% in the last one-year period. However, on a year-to-date (YTD) basis, the stock is down 16.86% in 2025. 

In the last one-month period, the shares have gained 2.19% but are trading 2.79% lower in the last five US stock market sessions. The shares hit their 52-week high level at $488.54, while the 52-week low levels were at $182, according to the stock market data. 

The company’s market capitalisation (M-Cap) was at $1.01 trillion, according to the Marketwatch data as of premarket Monday, 7 July 2025. 

(This is a developing story. Please check back for updates.) 

Read all stories by Anubhav Mukherjee

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.