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Tesla shares dive as investors fear new Elon Musk political party will damage brand

2 days ago
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Shares in Tesla fell 6.8% by the close of US trading on Monday, wiping $79bn (£60bn) off the company’s value, amid investor concern that Elon Musk’s launch of a new political party will present further problems for the electric car maker.Tesla’s market capitalisation fell from just over $1tn to about $921bn after stock markets closed on Wall Street, with the value of Musk’s stake in the company reduced by nearly $15bn, lowering it to below $120bn.The Tesla and Space X boss remains comfortably the world’s richest person, with a wealth of about $400bn, according to Forbes.Tesla shares have come under pressure owing to the Tesla CEO’s relationship with Donald Trump.

First, Musk’s strong support for the US president created a consumer backlash and now the antagonistic turn in his relationship with Trump has investors worried Musk will be distracted from his day job, or that the White House will punish his businesses,Dan Ives, an analyst at Wedbush Securities, said Musk’s announcement that he is bankrolling a US political party will alarm investors,“Very simply, Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that Tesla investors/shareholders want him to take during this crucial period for the Tesla story,” Ives said, adding that there was a “broader sense of exhaustion” among Tesla investors that Musk – the company’s largest shareholder – will not stay out of politics,Trump on Sunday called Musk’s plans to form the America party “ridiculous”, launching new barbs at the world’s richest person,Sign up to Business TodayGet set for the working day – we'll point you to all the business news and analysis you need every morningafter newsletter promotionIn a post on the Truth Social tech platform, Trump wrote: “I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks.

”Musk announced the creation of the America party on his X platform over the weekend,He wrote: “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,Today, the America party is formed to give you back your freedom,”
foodSee all
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How to make the best veggie burgers | Kitchen aide

My veggie burgers are so often underwhelming, or they simply fall apart. Where am I going wrong?Beth, Newark“Veggie burgers are often lacking in everything that’s good about food,” says Melissa Hemsley, author of Real Healthy, and for her, that means texture, flavour and satisfaction. “They also tend not to have those key flavour highs – the fat, the salt – that you’re after from a homemade version.”For Lukas Volger, author of Veggie Burgers Every Which Way, texture is by far the complaint he hears most often: “The patty is too moist, and glops out of the other side of the bun when you bite into it.” Veggie burgers often behave like this, Volger says, because vegetables contain water, so you’ll either need to cook the veg in advance or add something to the mix to soak it up, whether that’s breadcrumbs or grains

1 day ago
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José Pizarro’s recipe for courgette and almond gazpacho

Gazpacho has been part of Spanish kitchens for centuries. Long before tomatoes arrived from the Americas, it was made with bread, garlic, olive oil and almonds, which have always been part of our food culture. It began as field food, crushed by hand in mortars and eaten by workers under the sun with nothing but stale bread and whatever else they had to hand alongside. No blenders, no chill time, just instinct and hunger. This version, with courgette and basil, goes back to that idea: take what’s around you and make something good out of it

2 days ago
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‘Deeply wrong’: would you use a barbecue to cook a full English breakfast?

If so, you’ve got company – nearly one in six Britons have prepared bacon and eggs on an open flame. But not everyone is happy about the practiceName: Breakfast barbecues.Age: Our ancestors cooked with fire at least 780,000 years ago; they must have done it in the morning at some point.Appearance: A bit burnt, probably.What kind of breakfast can you cook on a barbecue? A full English breakfast

3 days ago
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Rukmini Iyer’s quick and easy recipe for lemongrass chicken lettuce wraps

The perfect meal for a hot day, when you want something light and refreshing. You can assemble all the components for these lovely, fresh lettuce wraps while the chicken poaches in an aromatic broth, and either make up the cups yourself or put all the components down on the table for everyone to help themselves. This was a hit with my three-year-old daughter, and it even encouraged the one-year-old to try lettuce for the first time.Don’t throw away the aromatic broth: strain it and refrigerate for two days or freeze for up to six months. Use it in soups

3 days ago
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Sophie Wyburd’s recipes for summer pesto pasta

When hot summer days roll around, midweek dinners that require minimal cooking really come into their own. I love making pesto on such evenings, and not just the classic basil-and-pine-nut situation. Jazzing things up with braised greens or a red pesto made from lots of jarred goods are just two directions in which I like to take things for a big hit of flavour. Both of today’s pestos freeze well, too.An almost no-cook sauce of smoked harissa whizzed up with jarred peppers, almonds and parmesan, tossed through rigatoni and topped with a dollop of lemony ricotta

3 days ago
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‘It is not jus. It is not a glaze. It is gravy!’ Britain’s gift to the world finally gets the love it deserves

Chefs have gone head over heels for the brown stuff. Some drown their burgers in it; others serve it with brioche and black pudding; one even turns it into ice-cream. What’s going on?Pub roasts, grannies, Sunday lunch, Ah! Bisto!: gravy triggers nostalgic food memories for Britons like little else. But unlike complex French sauces, for example, gravy is brown and plain, not gastronomic alchemy. Its homely bedfellows – potatoes and pies – have had fancy makeovers, but gravy’s potential hasn’t been much exploited on the modern menu

4 days ago
sportSee all
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Sinner eases past Shelton in straight sets to seal Wimbledon semi-final spot

about 9 hours ago
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Sportswomen facing ‘horrific burden of routine misogynistic attacks and threats’, campaigners say

about 10 hours ago
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‘He’s very determined’: England look to Archer before pivotal third Test

about 10 hours ago
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Tour de France 2025: Evenepoel wins stage five time trial as Pogacar takes yellow jersey –as it happened

about 11 hours ago
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Tour de France 2025: Evenepoel wins time trial as Pogacar powers into yellow

about 11 hours ago
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Battling Norrie and Kartal light way for British tennis after Draper’s damp squib | Tumaini Carayol

about 11 hours ago