Group 1 - Elon Musk announced the launch of a new political party called the "America Party" to challenge the existing Republican and Democratic parties, which has led to a decline in Tesla shares [1][3] - A poll posted by Musk on X indicated that a majority of respondents supported the idea of the America Party, with a two-to-one margin favoring independence from the two-party system [2][3] - Following Musk's announcement, Tesla shares dropped as much as 7.7% on Monday, reflecting investor concerns over his political involvement and its potential impact on the company [3][9] Group 2 - Musk has been critical of the GOP's One Big Beautiful Bill Act (OBBBA), labeling it as a "massive, outrageous, pork-filled Congressional spending bill" that could harm future industries, particularly renewable energy [6][9] - Year-to-date, Tesla's stock has decreased over 22%, attributed to protests and consumer boycotts related to Musk's political actions and his previous role in the Trump administration [9] - Analysts, including Dan Ives from Wedbush Securities, suggest that Musk's renewed political engagement is counterproductive for Tesla during a crucial period for the company, leading to investor exhaustion [12][13][14]

Group 1 - Elon Musk has formed a new political party called the "American Party" to challenge the existing Republican and Democratic parties, which he claims will restore freedom to the people [1][2] - U.S. President Donald Trump criticized Musk's decision, labeling it as "ridiculous" and suggesting that it would lead to confusion in the political landscape [3] - The relationship between Musk and Trump has soured due to disagreements over a spending bill, which has affected their previous collaboration [2] Group 2 - Musk's announcement of the American Party follows a significant fallout over spending policies, which included Musk's previous financial support for Trump's re-election campaign [2] - Trump expressed concerns about Musk's advocacy for an "Electric Vehicle Mandate," arguing that it would impose undue pressure on consumers to purchase electric vehicles [3] - The tax and spending cut bill signed by Trump on July 4 eliminated tax credits for electric vehicle buyers, indicating a shift in policy that may impact the electric vehicle market [3]