<ul data-eligibleForWebStory="false"><li>Tesla's stock slid 6.8% in New York, leading to a $15.3 billion drop in Elon Musk's net worth following his announcement of forming a new political party called the 'America Party'.</li><li>Musk's focus on politics has negatively affected Tesla's stock, which has declined by 27% this year due to concerns about the CEO's involvement in politics.</li><li>Investors are concerned about the distraction caused by Musk's political pursuits, leading to Tesla being downgraded by an equity analyst to a hold rating.</li><li>While Musk has yet to provide detailed information about his party and has not filed formal paperwork, his involvement in politics has raised issues about his attention to Tesla as promised to investors.</li></ul>

Elon Musk Loses $15 Billion Net worth As Tesla Shares Slide On New Party Concerns

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