Musk, Tesla and U.S. political party
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Tesla shares tumbled after CEO Elon Musk announced that he plans to start a new political party, reigniting concerns that his attention will turn away from running the EV maker and that a public feud with President Trump will escalate.
Trump’s budget bill could cost Tesla billions of dollars in credit sales. And Elon Musk’s promise to create a third political party is creating its own headaches.