Elon Musk is diving back into US politics, and Tesla investors are not happy about it. Tesla's stock price plunged on Monday after the billionaire said he would form a new political party.

Tom Carter Updated July 8, 2025 at 8:52 AM Elon Musk announced the formation of "the America Party" on Saturday after conducting a poll on X. Samuel Corum via Getty Images ...

In the four weeks after Musk said he would step back from DOGE and focus on his EV firm in April, Tesla's share price rose 40%. In March, when Musk held a surprise livestream to discuss Tesla's ...