Stock drops 8% after Musk unveils plans for a new “America Party,” raising concerns over distractions from Tesla’s core business amid falling deliveries and rising competition. Tesla shares tumbled by 8% on Monday following CEO Elon Musk’s announcement that he is forming a new political party, deepening investor unease over his expanding focus beyond the electric vehicle giant. The party, which Musk revealed over the weekend, will be named the “America Party” and will target “2 or 3 Senate seats and 8 to 10 House districts,” aiming to wield kingmaker influence in U.S. politics. Musk described the initiative as a … Continue reading Tesla Shares Slide as Elon Musk’s Political Ambitions Stir Investor Anxiety