Shares in Tesla are heading for a sharp fall in the US as investors fear Elon Musk’s launch of a new political party will present further problems for the electric carmaker.
Tesla stock was down more than 7% in pre-market trading on Monday, threatening to wipe approximately $70bn (£51bn) off the company’s value when Wall Street opens.
If the shares fell by that much, the value of Musk’s stock would fall by more than $9bn to about $120bn. The Tesla and Space X boss remains comfortably the world’s richest person, with a wealth of about $400bn, according to Forbes.
The party could also split the Democrats, or at least split some of their billionaire patrons off, with “reasonable” “centrist” money no longer going to the “sensible grownup” corporate Dems.
Good. It will hurt at first but the Dems need that level of deep change and it won’t be started from within.
wouldn’t it be more of the same since the new party would siphon off democratic voters for the benefit of the american oligarchy?