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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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[-] RadioFreeArabia@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

If I were in the market for an EV, I have better options than a Tesla including some that are the equivalent of sub 10,000 USD. I just don’t know how well EVs can handle +50C temperatures.

[-] captain_aggravated@sh.itjust.works 2 points 1 year ago

I think Mattel makes better electric vehicles than Tesla.

[-] LovableSidekick@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Yeah that's great, Elon. You couldn't have done it like a year ago when it might have helped???

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this post was submitted on 07 Jul 2025

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