Overview

• Tesla shares fell nearly 7% after Musk announced plans for the America Party, wiping out roughly $68 billion in market value.
• Wedbush analyst Dan Ives urged Tesla’s board to establish clear ground rules and oversight for Musk’s political activities to protect shareholder interests.
• Morgan Stanley warned that diverting financial and managerial resources to Musk’s political venture could add near-term pressure to TSLA shares.
• The America Party must register with the Federal Election Commission and meet North Carolina’s stringent vote-share or petition criteria before it can appear on ballots.
• President Trump dismissed the third-party initiative as “ridiculous,” and former White House official Hogan Gidley said it lacks a natural base without ties to major parties.