Trump, Elon Musk
Digest more
Shares in Tesla tanked by as much as 7.6% in premarket trading Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from US President Donald Trump.
The billionaire continued to criticize the GOP and appeared to take shots at the president after he mocked the idea of Musk creating a third-party in the U.S.
Lawmakers who are aligned politically with the president are increasingly voting in line with the chief executive. Doing otherwise could cost them on Election Day.