Tesla shares fell nearly 8% on Monday after CEO Elon Musk's plans to launch a new U.S. political party reignited concerns about his commitment to the company's future as it struggles with declining sales.

Tesla stock price fell Monday after Musk said he's formed the America Party, the latest development in the billionaire's feud with President Trump.

Tesla's CEO has proved once again that investors in his EV company would prefer that he stay out of politics and focus on the business.

By Joel Jose (Reuters) -Tesla shares fell nearly 7% in premarket trading on Monday, after CEO Elon Musk's plans to launch a new U.S. political party reignited investor concerns about his commitment to the electric-vehicle maker's future.

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The veteran Tesla bull says there is a 'sense of exhaustion' from many investors that their CEO keeps heading down the political track.

Tesla shares fall about 7 percent as Musk's announces 'America Party' Investors fear the political foray is distraction from the business The company has faced numerous challenges in recent months ...

By Joel Jose (Reuters) -Tesla shares fell nearly 7% in premarket trading on Monday after CEO Elon Musk's plans to launch a new U.S. political party raised investor doubts about his focus on the electric automaker's future.