Tesla — The EV-maker tumbled almost 8% after CEO Elon Musk said he would form a new political party called “America Party.” Musk has been feuding with President Donald Trump, who called the new party “ridiculous.” Uber Technologies — Shares of the ride-hailing company hit an all-time high of $97.12 and recently were up by 3% on the day. Monday’s gains put Uber up nearly 60% for the year. Royal Gold – The precious metal management company dropped more than 8% after agreeing to acquire Sandstorm Gold and Horizon Copper . Royal Gold is buying Sandstorm in an all-share transaction valued at approximately $3.5 billion, while the Horizon Copper all-cash deal is valued at $196 million. MP Materials — The rare earth miner dropped nearly 4% after Jefferies downgraded to hold from buy while lifting its price target to $33 from $32, saying “China’s shift to short-term export licenses for rare earth magnets reduces the risk of near-term shortages,” at the same time as “the demand outlook remains mixed for key markets (electronics, windmills, EVs, robots).” Stellantis — The Chrysler and Jeep maker dropped 4% after Bank of America downgraded Stellantis to neutral from buy. The investment bank said Stellantis’ electric vehicle business is poorly positioned in Europe and the company is in a “year of transition” under new CEO Antonio …
