Elon Musk Agrees with DogeDesigner: Funding For Trump-Supporting Super PAC Is 'Far Below' $45M A Month So Far
Portfolio Pulse from Aniket Verma
Elon Musk confirmed that funding for his new political action committee, 'The America PAC,' is much lower than the reported $45 million per month. Despite Musk's political activities, Tesla's Bitcoin holdings remained unchanged in Q2 2024. Tesla shares dropped 7.77% in after-hours trading following a 2.04% decline during regular hours.
July 24, 2024 | 3:40 am
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Tesla shares fell 7.77% in after-hours trading following a 2.04% decline during regular hours. This drop comes amid news of Elon Musk's political activities and Tesla's unchanged Bitcoin holdings in Q2 2024.
The significant drop in Tesla's share price is likely influenced by the news of Elon Musk's political activities and the unchanged status of Tesla's Bitcoin holdings. Investors may be reacting to the uncertainty surrounding Musk's political involvement and its potential impact on Tesla.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100