this post was submitted on 07 Jul 2025
421 points (100.0% liked)

Economics

896 readers
336 users here now

founded 2 years ago
421
Tesla loses $68 billion in value after Elon Musk says he is launching a political party (www.cnbc.com)
submitted 1 day ago* (last edited 1 day ago) by [email protected] to c/[email protected]
61 comments fedilink hide all child comments
 

KEY POINTS

Elon Musk said he would form a new political party called the “America Party.”

Tesla shares fell Monday after Musk’s announcement.

Tesla shareholders have wanted Musk to stay away from politics, especially after his stint at the so-called Department of Government Efficiency, which many have said damaged the automaker’s brand.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 11 hours ago

I'm pretty sure his PR teams were the ones behind the Tesla crush the Internet had though.