Tesla stock price slides after Elon Musk says he’s formed a new political party
Tesla’s stock price slumped in early trading Monday after CEO Elon Musk’s announced over the weekend that he has formed a new political party following his acrimonious split from President Trump.
The electric vehicle company’s stock fell 7%, at $293 per share, in morning trading.
Musk had threatened to form a new political party if the president’s massive policy and spending bill passed. The tech billionaire made good on his promise this past Saturday, a day after Mr. Trump signed his signature legislation into law on July 4.
“Today, the America Party is formed to give you back your freedom,” Musk said on X.
Musk on Friday hinted that his party would be focused on swaying votes in the House and Senate which currently have a…
