# @forbes on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DLz8guXPN54
- **Gondola URL:** https://gondola.cc/posts/32187426-forbes-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/2f252becca.jpg
- **Posted:** 2025-07-07T15:30:10.000+00:00
- **Account Owner:** Forbes (@Forbes) — https://gondola.cc/Forbes

## Caption

In an otherwise largely flat morning for the broader market, #Tesla stock fell 7%, or about $24 per share, in response to Elon Musk’s unveiling of his “America Party” and the subsequent sparring between Musk and President Donald #Trump, who Musk donated $288 million to help elect last year.

“Investors are growing tired of the distraction” from #Musk, William Blair analyst Jed Dorsheimer wrote in a Monday note to clients downgrading his rating for Tesla stock from a buy to a hold on the less favorably federal regulatory credit environment for electric vehicles in Trump’s #megabill signed last week.

Musk’s net worth tumbled $14 billion Monday to $391 billion, which is still the largest fortune in the world by a more than $100 billion margin, according to Forbes’ latest estimates.

Tap the link in our bio to read more. (Photo: AFP via Getty Images)

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## Tags

musk, trump, tesla, megabill

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