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Tesla loses $68 billion in value after Elon Musk says he is launching a political party (www.cnbc.com)

submitted 3 weeks ago* (last edited 3 weeks 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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[–] Archangel1313@lemmy.ca 0 points 2 weeks ago (1 children)

So you think rich people don't care about losing money? I'm not sure you understand what I'm talking about.

[–] MotoAsh@lemmy.world 0 points 2 weeks ago

Yes, I'm telling you he demonstrably is getting away with it.