<ul data-eligibleForWebStory="false"><li>Tesla's stock price dropped by around seven per cent following Elon Musk's announcement of forming the 'America Party.'</li><li>President Trump criticized Musk's plan for a third party, stating it would add to confusion in the political system.</li><li>Investors feared potential damage to the Tesla brand from Musk's political involvement, resulting in a $15 billion loss in market value.</li><li>Musk's public feud with President Trump over political and financial matters has impacted Tesla's stock performance and deliveries.</li></ul>

Tesla shares slump after Elon Musk announces new political party

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