Elon Musk's announcement of a new political party has caused a major dip in Tesla's stock, led to a loss of over 68 billion dollars in market value. The sudden political shift has unsettled investors, triggering concerns over the company's future amid the backlash from former President Trump. The market reaction reflects heightened uncertainty and apprehension about Musk's political pivot, deeply impacting Tesla's financial standing and investor confidence in the electric vehicle maker.