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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 year ago* (last edited 1 year 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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[-] ThePowerOfGeek@lemmy.world 95 points 1 year ago

And smart.

But it turns out he basically steals the ideas of better people and takes all the credit. Truly a modern day Thomas Edison. But even worse.

[-] caseyweederman@lemmy.ca 22 points 1 year ago

Worse, for many reasons, but also: stealing Tesla's actual name this time

this post was submitted on 07 Jul 2025

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