Tesla shares slide after Musk announces new political move
1. Elon Musk announced a new political party, impacting Tesla shares negatively. 2. Tesla stock dipped 7.7% following Musk's political announcement over the weekend. 3. Investors are concerned about Musk's political direction and its effects on Tesla. 4. Musk criticized the GOP's spending bill, which may affect Tesla's industry standing. 5. Year-to-date, Tesla shares have fallen over 22% amid protests and political issues.