Last week, President Donald Trump signed his One Big Beautiful Bill Act into law. The legislation is unpopular with Americans across the political spectrum, primarily because it will cut critical social and health services for more than 10 million people while at the same time giving the country's wealthier individuals billions in tax breaks.
Barstool Sports founder Dave Portnoy has announced that he invested $10 million in Tesla stock (NASDAQ: TSLA), aiming to profit from a quick rebound amid the ongoing sell-off.
Tesla's (TSLA -7.46%) stock has plummeted 7.5% as of 11:31 a.m. ET today, after Tesla CEO Elon Musk announced the formation of a new political party called the America Party over the weekend.
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