Tesla share price erodes investor wealth worth $68 billion as Elon Musk launches his own ‘America Party’

Tesla shares plunged 6.8% on July 7, wiping out over $68 billion in market cap, after CEO Elon Musk announced plans to launch a new political party, the “America Party.” The move intensified his feud with Donald Trump and sparked investor concerns over distractions from Tesla's core business.

source https://www.livemint.com/market/tesla-share-price-erodes-investor-wealth-worth-68-billion-as-elon-musk-launches-his-own-american-party-11751921168574.html