Shares of Elon Musk’s dropped by more than seven percent on Monday morning following CEO Elon Musk’s announcement of his intention to form a new political party dubbed the “America Party.”
CNBC reports that Elon Musk’s announcement of his plans to establish a new political party named the “America Party” has resulted in a seven percent drop in Tesla’s stock price on Monday, as investors grappled with the potential implications of Musk’s latest venture into politics.
According to Musk, the America Party would focus on securing “just 2 or 3 Senate seats and 8 to 10 House districts,” which he believes would be sufficient to “serve as the deciding…
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