The feud between President Donald Trump and Tesla CEO Elon Musk, which has weighed on the shares of the latter’s electric-vehicle venture, Tesla, Inc. (TSLA), continues to play out. In his latest salvo,

Tesla’s stock (NASDAQ:TSLA) took a steep dive Monday morning following CEO Elon Musk’s announcement of his plan to launch a new political organization called the “America Party.” Investors reacted with concern over whether Musk’s political pursuits might distract him from leading Tesla’s core operations.

The South African-born billionaire said over the weekend the party would fight what he described as a system “bankrupting our country with waste and graft.” View on euronews