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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 babysandpiper@sopuli.xyz to c/economics@lemmy.world

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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.

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[–] solsangraal@lemmy.zip 126 points 1 day ago (13 children)

wild that we used to think this fucking clown was cool

[–] nuko147@lemmy.world 22 points 1 day ago* (last edited 3 hours ago)

I always hated him. Peak hate was when he sent a car in space, supported Trump and did the Nazi salutes.

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