Elon's Political Party Chaos: How One Tweet Nuked Tesla's Stock Market Dreams

Tech billionaire and professional drama magnet Elon Musk has done it again, proving that his ability to tank company value is truly an art form.
On a seemingly ordinary weekend, Musk decided the political landscape wasn’t chaotic enough and announced the formation of the “America Party” - because apparently, two existing political parties were just not enough spice in the American political gumbo.
The Billionaire’s Bold Move
In a tweet that sent investors into a collective panic, Musk proclaimed his new party would “give you back your freedom” - a statement that sounds more like a bad action movie tagline than a serious political strategy. The result? Tesla’s stock promptly nosedived, losing a jaw-dropping $68 billion in value faster than you can say “controversial tweet”.
Wall Street’s Not Impressed
Wedbush Securities’ Dan Ives didn’t mince words, basically calling Musk’s political pivot a corporate suicide mission. His not-so-subtle message? Tesla shareholders are exhausted by Musk’s political rollercoaster and would prefer he focus on, you know, actually making electric cars.
The Trump Twist
As if the stock market drama wasn’t enough, Musk’s political escapade has also sparked a delightfully petty feud with former President Trump. Trump, never one to let a potential slight slide, dramatically described Musk as going “completely off the rails” - which is rich, coming from him.
In classic Bay Area tech bro fashion, Musk seems determined to prove that boundary-pushing isn’t just for software development, but apparently applies to political entrepreneurship as well. Stay tuned, because this circus is far from over.
AUTHOR: rjv
SOURCE: SFist