According to Deep Tide TechFlow news on July 8, as reported by Jin Ten Data, after Musk threatened over the weekend to establish a third political party in the U.S. called the 'American Party,' Tesla (TSLA.O) shares plummeted nearly 7% on Monday, causing the net worth of the world's richest person to evaporate by about $15 billion in a single day. Investors are concerned that his company may lose federal subsidies due to conflicts with Trump, leading to more obstacles.
Musk's establishment of the 'American Party' is viewed by some observers as an attempt to convert public dissatisfaction into political capital. It is reported that he has already contacted American-Chinese politician Andrew Yang regarding party formation matters. Yang is the founder of the 'Forward Party' and has previously run for U.S. president.
Although the 'American Party' may still influence the political dynamics in the U.S., its direct impact on investor sentiment is undoubtedly negative. Currently, market information is very clear: stakeholders prefer this world billionaire to stay away from Capitol Hill and refocus on factory operations.
According to Forbes' estimates, as Tesla's market value declines, Musk's personal wealth is currently $391 billion, down from $405 billion the previous day. Despite this decline, he still maintains a lead of over $100 billion compared to the second richest person.
Currently, several recent reports from analytical institutions show that investors are generally dissatisfied with Musk's recent political moves. Dan Ives, an analyst at Wedbush Securities and a staunch supporter of Tesla, wrote in a report last Sunday: 'Musk's increasing involvement in politics and his attempts to challenge the Washington establishment is exactly what Tesla investors and shareholders do not want him to do.'