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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 [email protected] to c/[email protected]

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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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[-] [email protected] 7 points 1 day ago

Then it sounds like it would be a slam-dunk to prove in court, that the board is no longer honoring its fiduciary duties to its investors.

[-] [email protected] 7 points 1 day ago* (last edited 1 day ago)

lol you think any court in this farce of a country holds the rich to account?!

As a certain scorpoin would say, "lol, lmao"

[-] [email protected] 4 points 1 day ago

Which "rich" are you talking about? The one rich guy in charge...or the many rich people that are watching their investment bottom out, because of him?

[-] [email protected] 1 points 17 hours ago

Yes.

[-] [email protected] 1 points 1 day ago

Yep. Good luck!

this post was submitted on 07 Jul 2025

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