Musk Chaos Could Oust Tesla From Mag 7, Making Way For Broadcom

As the Trump-Musk feud shows no signs of abating and Tesla Inc. (NASDAQ:TSLA) stock has fallen more than 20% in just six weeks, questions mount over whether the electric carmaker still deserves its spot among the elite “Magnificent Seven” tech giants.

On Monday, shares of Tesla plummeted 7.5% after Elon Musk announced his intention to form a new political faction, the “America Party.”

Broadcom Rises As Tesla Stumbles: Is Time For A Mag 7 Swap?

Broadcom Inc. (NASDAQ:AVGO) might be gaining momentum as a potential replacement for Tesla Inc. (NASDAQ:TSLA) in the so-called "Magnificent Seven", which also include Nvidia Corp. (NASDAQ:NVDA), Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), Amazon.com Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOGL) and Meta Platforms Inc. (NASDAQ:META).

Tesla has dropped to the 11th-largest company in the world by ...