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Tesla loses $68 billion in value after Elon Musk says he is launching a political party (www.cnbc.com)

submitted 5 days ago* (last edited 5 days ago) by babysandpiper@sopuli.xyz to c/economics@lemmy.world

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KEY POINTS

Elon Musk said he would form a new political party called the “America Party.”

Tesla shares fell Monday after Musk’s announcement.

Tesla shareholders have wanted Musk to stay away from politics, especially after his stint at the so-called Department of Government Efficiency, which many have said damaged the automaker’s brand.

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[–] ThePowerOfGeek@lemmy.world 95 points 5 days ago (3 children)

And smart.

But it turns out he basically steals the ideas of better people and takes all the credit. Truly a modern day Thomas Edison. But even worse.

[–] caseyweederman@lemmy.ca 22 points 5 days ago (2 children)

Worse, for many reasons, but also: stealing Tesla's actual name this time

[–] MotoAsh@lemmy.world 23 points 5 days ago (1 children)

No. Yet again, you are giving him too much credit. He did not start Tesla nor did he have ANY hand in any of the successful designs.

[–] DragonTypeWyvern@midwest.social 1 points 5 days ago

I'm pretty sure his PR teams were the ones behind the Tesla crush the Internet had though.