Tesla Stock Tumbles After Elon Musk Announces New Political Party

Tesla Stock Tumbles After Elon Musk Announces New Political Party

Elon Musk listens as then President-elect Donald Trump addresses a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill in Washington on Nov. 13, 2024. Andrew Harnik/Getty Images

Tesla stock dropped by more than 7 percent during trading on Monday after CEO Elon Musk announced over the weekend that he’s forming the “America Party” to challenge the existing two-party political system, in a break with the Trump administration.

Musk launched a page for the America Party on his social media platform X, after he announced the party’s formation, citing a poll that signaled an interest in a third party.

Original News Source Link – Epoch Times

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