What Happens to Tesla When Musk Picks Politics Over Cars?
Tesla is Elon Musk. Elon Musk is Tesla. Rarely has a company’s identity been so inextricably linked to its CEO, for better and for worse. For years, this fusion was a superpower, giving Tesla an innovative mystique that captivated investors and propped up its valuation. Now, that same connection has become a massive liability. In a brutal reaction to Elon Musk’s latest political bombshell—the launch of his own political party—investors wiped nearly $70 billion off Tesla’s market capitalization