EV giant Tesla Inc. (TSLA) is urging potential customers to take delivery of their new vehicles before September 30 to qualify for $7,500 federal tax credit. Tesla shares were down 0.4% at the time of writing.

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 7.4% in the morning session after CEO Elon Musk announced over the weekend his intention to form a new political party, the "America Party."

Tesla’s stock price has been falling, and sales are down because of increased competition, an aging product lineup and Elon Musk’s immersion in right-wing politics.

Dan Ives, an analyst with Wedbush, wrote that Musk's continued push into politics is "exactly the opposite direction" investors want to see.

The legislation has reportedly triggered a furious reaction from Musk, raising questions about whether his political gamble is backfiring — and whether his outrage is personal or purely financial, acc

The predictable unwinding of Elon Musk ’s romance with Donald Trump is obviously bad news for Tesla. Not only has Trump recently scrapped electrical vehicle subsidies, but Musk is now making a show of flirting with his own political party, trying to make Trump jealous. So much for focussing on Tesla!

How the billionaire businessman’s lobbyists helped him get so many state Legislature wins is something of a mystery.

Investor Gary Black, the managing director of Future Fund LLC, says that Tesla Inc. 's TSLA -7.36% Get Free Report Q2 deliveries could miss estimates amid the company's Robotaxi plans in Austin.

Elon Musk ripped into the Senate's massive domestic policy package on Saturday, calling it "utterly insane" and destructive," pointing to provisions in the bill that would raise taxes on many solar, battery, geothermal, wind and nuclear energy projects.