Despite these issues, Tesla investors appear to be convinced that the company will experience a surge in sales trends at some point. This is evident by the wild premium the stock commands. Shares trade at a price-to-earnings ratio of 169 as of this writing. A valuation like this bakes in huge sales and earnings growth for years to come.

Stock Market TodayWelcome back after a long holiday weekend. I hope you were able to enjoy the time.This morning, stock market futures remain below Thursday's close but have been rallying. The S&P 500 is off by 0.

What Happened? 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.

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The Nasdaq composite inched fractionally higher in Tuesday's session. The S&P 500 shed less than 0.1%. Small caps led the market, with the Russell 2000 index climbing nearly 0.7%. The Russell recouped about half of Monday's drop of nearly 1.6%.

Tesla stock price fell Monday after Musk said he's formed the America Party, the latest development in the billionaire's feud with President Trump.

The Vanguard Total Stock Market ETF vs. the Vanguard FTSE All-World ex-US ETF. Essentially, it's a chart of US exceptionalism. When it's going up, the US stock market is outperforming the rest of the world.

Tesla stock is moving lower today as investors react to a downgrade from an analyst, competition from Chinese companies, and the latest developments on the trade war. News that CEO Elon Musk is launching his own political party also appears to be weighing on the stock.

The Dow Jones average and the other major indexes fell on the stock market today. Tesla tumbled while detention center stocks jumped.

Tesla ( TSLA) was the worst-performing stock in the S&P 500 as CEO Elon Musk jumped back into the political fray, announcing a new political party and continuing to spar with President Trump on social media.

Tesla's CEO has proved once again that investors in his EV company would prefer that he stay out of politics and focus on the business.

Dow Jones futures rose slightly early Wednesday, along with S&P 500 futures and Nasdaq futures. Trump tariff letters and other news remains in focus.Dow giant MerckMRK announced before the open that it will buy Verona PharmaVRNA,