Tesla Leads Daily Trading Volume with $47.54 Billion Despite Stock Drop
On July 24, 2025, Tesla's trading volume reached $47.54 billion, marking a 54.99% increase from the previous day and securing the top spot in daily trading volume. However, Tesla's stock price fell by 8.20%.
Tesla reported a significant gain of $284 million from its BitcoinBTC-- holdings in the second quarter of 2025. This substantial profit was driven by an 85% surge in the price of Bitcoin and favorable changes in accounting rules. This financial boost is likely to have a positive impact on Tesla's overall financial performance and investor sentiment.
Elon Musk, the CEO of TeslaTSLA--, announced the formation of a new political party called the America Party. This move comes amid ongoing tensions with former President Donald Trump, who has been a vocal critic of Musk and his companies. The formation of the America Party could potentially shift the political landscape and influence Tesla's public image and stock performance.
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