Tesla shares sank Monday after CEO Elon Musk announced he would form a new political party in an escalation of his feud with President Donald Trump.

Tesla Inc. TSLA CEO Elon Musk‘s announcement of a new political party has had a significant impact on the electric vehicle maker. The company’s stock plummeted by 6.79% on Monday, resulting in a loss of over $68 billion in market capitalization.

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Tesla shares fell nearly 8% on Monday after CEO Elon Musk's plans to launch a new U.S. political party reignited concerns about his commitment to the company's future as it struggles with declining sales.

Tesla shares plummeted following a renewed feud between Elon Musk and Donald Trump, sparking fears of political retaliation and impacting investor con

With shares down 21% year to date, Tesla ( TSLA 0.04%) is reeling from a combination of weakening electric vehicle (EV) demand, political uncertainty, and a CEO who seems to have misplaced priorities.

Tesla stock tumbled Tuesday as founder Elon Musk continues to feud with President Trump over the pending GOP spending package. Republicans have proposed a series of rollbacks in the bill,

Tesla shares fell sharply in early trading Monday after CEO Elon Musk said he will launch a new political party.

Tesla stock is moving lower today as investors react to a downgrade from an analyst, competition from Chinese companies, and the latest developments on the trade war. News that CEO Elon Musk is launching his own political party also appears to be weighing on the stock.