Elon Musk's Political Ambitions Shake Tesla's Future

Elon Musk's recent announcement of the 'America Party' has stirred concerns among Tesla investors about his dedication to the company's leadership. The move came after a public clash with President Donald Trump, casting shadows over Tesla's future as it grapples with declining sales figures.

Tesla's shares fell nearly 8% as tensions with Trump threatened governmental subsidies essential for Musk's business operations. This escalation wiped off a significant portion of Tesla's market value, coinciding with the company's pursuit of ambitious sales targets amidst economic uncertainties.

The company's board, led by Chair Robyn Denholm, finds itself under scrutiny for its handling of Musk, whose leadership remains crucial yet controversial. With questions about Musk's priorities and the company's future standing, the board is under pressure to navigate these turbulent waters effectively.

(With inputs from agencies.)