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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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[–] Olhonestjim@lemmy.world 7 points 1 day ago

Yep same. For the longest time, honestly too long, he was cool and smart in my eyes. I have always loved space travel and craved a high tech, sustainable future. Not anymore. He killed much of that for me.