Reported 23 days ago
Tesla shares fell nearly 8% following CEO Elon Musk's announcement of a new political party, the 'America Party', raising concerns about his focus amidst the company's declining sales and recent drop in quarterly deliveries. Musk's political ambitions appear to conflict with his responsibilities at Tesla, triggering doubts about the board's ability to manage him and increasing pressures on the company's performance.
Source: YAHOO