Elon Musk's net worth has taken a $15.3 billion hit after the Tesla CEO announced he was to form a new political party. The news sent ripples through financial markets and spooked investors concerned about Musk's political ambitions and possible implications for Tesla's brand and business operations.

One analyst called on Tesla's board of directors to act and set "ground rules" for Musk's political involvements.

July 7–8, 2025: The first trading day since Musk’s weekend announcement, Tesla shares tumbled, and Musk’s personal fortune dropped by as much as $15 billion, according to the Bloomberg Billionaires Index. As of July 9, it stands at $349 billion with Tesla shares broadly unchanged.

Elon Musk says he has formed a new political party called the America Party. But it remains unclear what formal steps, if any, he has taken to establish it.

Longtime supporters of Tesla and Elon Musk called on its board to pull the CEO back to the troubled EV maker after he said he is starting a new America Party.

Elon Musk announced his intention to launch a third party, reigniting his feud with Donald Trump and sending Tesla shares spiraling. Max Chafkin and Mark McKinnon discuss on The Eleventh Hour.

As CEO of X, Linda Yaccarino had a cushy job, a fancy paycheck, and the ability to contribute to the future of tech. So why did she step down Tuesday? It’s a tale as old as time: her “parents” were going through a divorce,