Tesla loses $54bn in market value as Musk's political plans rattle investors

  • Tesla Inc (NASDAQ:TSLA)shares slid 4.1% in premarket trading on Monday, wiping nearly $54 billion from the company's market value, as investors reacted to Elon Musk's announcement of a new US political party. The proposed “America Party” deepens Musk's shift into partisan politics and has raised questions about his focus on Tesla.