
Tesla shares drop after Elon Musk says he will start a political party
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla stock fell about 7% on Monday after CEO Elon Musk announced plans to form a new political party. The stock was on pace for its worst day since June 5, when it fell…