Tesla (TSLA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this electric car maker have returned -8.

Key Points Over the weekend, Tesla CEO Elon Musk announced the creation of a new political party.President Trump expressed frustration with the move.Investors did not like seeing Musk participate in politics earlier this year,

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 7.4% in the morning session after CEO Elon Musk announced over the weekend his intention to form a new political party, the "America Party.

But Tesla's troubles, though levered to Musk, may be deeper than Musk's distractions, such as politics, gaming, and colonizing Mars. A record fourth quarter delivery report in January seemed to indicate all was well with Tesla, but it doesn't tell the full story.

Building a new U.S. political party from scratch is a daunting task, even for the world's richest man. But that is what Elon Musk, the billionaire behind Tesla (TSLA.O) and SpaceX, said he plans to do in the wake of his falling out with President Donald Trump.

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