<ul data-eligibleForWebStory="false"><li>Elon Musk's new political party, the America Party, led to a sell-off of Tesla shares, causing a nearly 7% drop in stock value.</li><li>The stock sell-off resulted in Musk losing $15 billion in net worth, though he still remains the world's richest person according to the Bloomberg Billionaires Index.</li><li>Investors disapprove of Musk's political involvement, with some analysts downgrading Tesla's stock rating due to concerns over regulatory headwinds and distractions from Musk's political moves.</li><li>Tesla stocks have been performing poorly, down 31% since Trump's inauguration in January, with back-to-back quarterly declines in vehicle deliveries in 2025, marking the company's worst performance since 2022.</li></ul>

Elon Musk loses $15 billion in net worth after Tesla stock sinks

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