Tesla loses $68 billion in a single day after CEO Elon Musk announced America Party; analyst say ‘there is broader sense of exhaustion…’

Elon Musk’s foray into politics with the formation of the America Party has spooked Tesla investors, leading to a significant stock decline. Tesla shares plummeted by nearly 7% on Monday, wiping out over $68 billion in market capitalization. Concerns are mounting that Musk’s political involvement is diverting his attention and negatively impacting Tesla’s performance, further eroding his net worth.