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Tesla stock down nearly 7% after Elon Musk announces launch of ‘America Party'

Tesla shares fell sharply in early trading Monday after CEO Elon Musk said he will launch a new political party — renewing investor concerns after the mogul’s dustup with President Donald Trump.Over the weekend, Musk touted plans for the “America Party” and suggested it could concentrate “on just 2 or 3 Senate seats and 8 to 10 House districts.”He added this would be “enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people.” 5 Shares of Tesla were dow ...