Tesla shares dropped 7.5% Monday after CEO Elon Musk announced plans to launch a new U.S. political party, according to Reuters. The announcement intensified concerns over his focus on the company.

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All Tesla shares plunge $68 billion after Elon Musk, the company's CEO, launches ‘America's Party’ following his involvement ...

CEO Elon Musk‘s announcement of a new political party has had a significant impact on the electric vehicle maker. The company ...