Tesla’s stock price has plunged in response to Elon Musk’s announcement of a new political party and his latest attacks on President Donald Trump.
Investors are once again concerned about Musk’s focus as the company’s CEO announced over the weekend that he has launched the America Party.
Tesla shares tanked 8 percent Monday morning to $295 a share. Before the July Fourth weekend began, the electric carmaker’s shares had a high of more than $318, according to Yahoo Finance.
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