Tesla share price erodes investor wealth worth $68 billion as Elon Musk launches his own ‘America Party’

0 0 Monday, July 7, 2025 Edit this post

Tesla shares plunged 6.8% on July 7, wiping out over $68 billion in market cap, after CEO Elon Musk announced plans to launch a new politica...

Tesla shares plunged 6.8% on July 7, wiping out over $68 billion in market cap, after CEO Elon Musk announced plans to launch a new political party, the “America Party.” The move intensified his feud with Donald Trump and sparked investor concerns over distractions from Tesla's core business.

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