<ul data-eligibleForWebStory="false"><li>Tesla's stock slid 7.4% following Elon Musk's announcement of forming a new political party, the 'America Party,' which caused concerns about the impact on the company.</li><li>Investors are worried that Musk's involvement in politics is distracting him from focusing on Tesla, leading to a 28% decline in the stock value this year.</li><li>Musk's political ambitions and lack of details about the new party have raised questions among analysts, with some downgrading Tesla's rating and expressing concerns about his divided attention.</li><li>There are criticisms that Musk's political pursuits are overshadowing his responsibilities at Tesla, affecting shareholder confidence as the company faces challenges such as declining sales figures.</li></ul>

Tesla Slides On Concern Musk’s New Party Will Worsen Slump

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