Data: Tesla's stock price plummeted nearly 7% on Monday, with Musk's wealth evaporating by about $15 billion in a single day

According to ChainCatcher news, as reported by Jinshi, after Musk threatened to establish a third political party in the U.S. called the "American Party" over the weekend, Tesla's (TSLA.O) stock price plummeted nearly 7% on Monday, causing the net worth of the world's richest man to evaporate by about $15 billion in a single day. Investors are concerned that his company may lose federal subsidies due to conflicts with Trump, leading to further obstacles.

According to Forbes estimates, as Tesla's market value declines, Musk's personal wealth currently stands at $391 billion, down from $405 billion the previous day. Despite the drop, he still maintains a lead of over $100 billion compared to the second richest person. Since Trump took office in January, Tesla's stock price has fallen a cumulative 31%.

While the "American Party" may still influence the political dynamics in the U.S., its direct impact on investor sentiment is undoubtedly negative. Currently, the market information is clear: stakeholders would prefer this billionaire to steer clear of Capitol Hill and refocus on the factory floor.