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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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[–] RadioFreeArabia@lemmy.world 2 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

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.

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[–] LovableSidekick@lemmy.world 1 points 2 weeks ago* (last edited 2 weeks 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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