Elon Musk's Decision to Create a Party Negatively Impacts Tesla

Elon Musk, CEO of electric car company Tesla, has decided to create

 a new political party called "America's Party."

This decision has had a negative impact on Tesla's stock, according to analysts.

Telsa shares rose about 0.90%, a weak gain.

This comes as a result of investor fears and concerns that the new party

 will be an additional significant distraction from Tesla's management, 

especially at a time when Tesla is entering a critical growth phase.

The company's shares rose about 5% last Wednesday,

and continued their rise by 1% last Thursday.

This came after the company announced second-quarter delivery figures,

with deliveries reaching more than 384,000 vehicles.