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Tesla loses $68 billion in value after Elon Musk says he is launching a political party (www.cnbc.com)

submitted 1 month ago* (last edited 1 month ago) by babysandpiper@sopuli.xyz to c/economics@lemmy.world

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KEY POINTS

Elon Musk said he would form a new political party called the “America Party.”

Tesla shares fell Monday after Musk’s announcement.

Tesla shareholders have wanted Musk to stay away from politics, especially after his stint at the so-called Department of Government Efficiency, which many have said damaged the automaker’s brand.

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[–] ThePowerOfGeek@lemmy.world 92 points 1 month ago (1 children)

And smart.

But it turns out he basically steals the ideas of better people and takes all the credit. Truly a modern day Thomas Edison. But even worse.

[–] caseyweederman@lemmy.ca 22 points 1 month ago (1 children)

Worse, for many reasons, but also: stealing Tesla's actual name this time

[–] MotoAsh@lemmy.world 24 points 1 month ago (1 children)

No. Yet again, you are giving him too much credit. He did not start Tesla nor did he have ANY hand in any of the successful designs.

[–] DragonTypeWyvern@midwest.social 1 points 1 month ago

I'm pretty sure his PR teams were the ones behind the Tesla crush the Internet had though.