Tesla stock is tumbling — and investors are blaming Elon Musk's latest foray into American politics.
Shares in the EV maker slid as much as 7 percent in Monday's pre-market trading, just days after Musk revealed he's launching a new political party, the 'America Party,' and reigniting his feud with former boss President Donald Trump.
'Investors are worried about two things,' Neil Wilson, a UK investor strategist at Saxo Markets, said. 'One is more Trump ire affecting subsidies and the other, more importantly, is a distracted Musk.'
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