Tesla stock down nearly 7% after Elon Musk announces launch of ‘America Party'
1. Tesla shares fell 6.4% after Musk's political ambitions announcement. 2. Musk plans to launch a new political party, the 'America Party'. 3. Investor concerns rise over Musk's political involvement affecting Tesla's future. 4. Tesla reported a 14% drop in vehicle deliveries, missing expectations. 5. Musk's recent actions complicate Tesla's narrative amid rising competition.