This might be the worst financial decision the Tesla CEO has ever made.
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On Monday, Tesla lost 6.8 percent of its value when the S&P 500 fell by less than 1 percent on tariff fears—marking the sixth-worst day of the year for the stock. The causes of Tesla’s slide were core issues to any electric car business: Elon Musk’s plan to launch a third political party and his doubling down on insinuations that Donald Trump is, at the least, protecting pedophiles and may be one himself. (The memes are hard to parse because, despite spending every day on his own social media platform, Musk is bad at posting.)
It’s nothing new for Musk to create stock market problems for…
