Elon Musk's announcement of the 'American Party' and ongoing issues with Tesla's FSD features contribute to a significant decline in investor confidence.
Tesla's stock fell 7% on July 8, linked to Elon Musk's political split from Trump with the formation of the 'American Party.' This decline follows concerns over the 'Inflation Reduction Act' and challenges with Tesla's FSD functionality, impacting market sentiment and Musk's net worth, which decreased by $15 billion.