Tesla stock plunges nearly 8% as Elon Musk’s American Party adds to sharp 35% drop since December peak

Tesla stock plunged nearly 8% after Elon Musk launched the American Party, sending shockwaves through Wall Street. The stock, once flying high at over $488 in December after Trump’s re-election, has now dropped 35%, closing last week at $315.35. Monday's sudden dive erased $1.4 billion in value, with investors growing nervous about Musk’s new political focus.