this post was submitted on 07 Jul 2025
431 points (99.1% liked)

Economics

914 readers
112 users here now

founded 2 years ago
431
Tesla loses $68 billion in value after Elon Musk says he is launching a political party (www.cnbc.com)
submitted 2 weeks ago* (last edited 2 weeks ago) by babysandpiper@sopuli.xyz to c/economics@lemmy.world
61 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] ordnance_qf_17_pounder@reddthat.com 14 points 2 weeks ago

📉⬇️ STONKS

Love to see it