Elon Musk has said that he’s formed a new political party, but it’s unclear what steps — if any — he’s taken to do so, or how ...

Tesla shares fell nearly 8pc yesterday after CEO Elon Musk’s plans to launch a new US political party reignited concerns about his commitment to the company’s future as it struggles with declining ...

The market value of Tesla crashed by US$15 billion after its CEO said he would form the America Party as investors pre-empt damage to the US EV brand.