Donald Trump fell in love with Elon Musk when the richest man in the world bankrolled his reelection campaign. Then he fell out of love with Musk when the tech titan openly criticized his ‘Big Beautiful Bill.

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the president’s sweeping tax cuts law.

Dan Ives, an analyst with Wedbush Securities, wrote that Musk's continued push into politics is "exactly the opposite direction" investors want to see.

Shares of electric vehicle maker Tesla tumbled 8% in morning trading as the feud between CEO Elon Musk and Trump reignited over the weekend.

Tesla’s stock price has plunged in response to Elon Musk’s announcement of a new political party and his latest attacks on President Donald Trump. Investors are once again concerned about Musk’s focus as the company’s CEO announced over the weekend that he has launched the America Party.

Dan Ives, an analyst with Wedbush, wrote that Musk's continued push into politics is "exactly the opposite direction" investors want to see.