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.
I’m happy to see the company go up in flames. Anyone still holding positions in TSLA deserves whatever happens.