Tesla shares drop 7% in premarket trading after Elon Musk says he is launching a political party
1. Tesla shares fell 7.13% after Musk's political party announcement. 2. Musk's political involvement causes investor apprehension and brand concerns. 3. Investors expect Musk to focus on Tesla, not politics. 4. There is growing exhaustion within Tesla's investor base regarding Musk's distractions. 5. Musk aims for political influence through the new 'America Party'.