techonology tesla share price erodes investor wealth worth 68 billion as elon musk launches his own america part

Tesla Share Price Erodes Investor Wealth Worth $68 Billion As Elon Musk Launches His Own 'america Party'

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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.