<ul data-eligibleForWebStory="false"><li>Shares in Tesla fell 6.8% on Monday, wiping $79bn off the company's value, amid concerns over Elon Musk's new political party.</li><li>Tesla's market capitalization dropped to about $921bn from just over $1tn, reducing Musk's stake by nearly $15bn to below $120bn.</li><li>Investors fear that Musk's involvement in politics could distract him from Tesla's operations, leading to a negative impact on the company.</li><li>Despite being the world's richest person, Musk's political aspirations have raised concerns among investors and received criticism from former President Trump.</li></ul>

Tesla shares dive as investors fear new Elon Musk political party will damage brand

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