Musk Goes Full Founding Father… and Tesla Stock Gets Tea-Party’d Into Oblivion

I’ve constantly criticized Elon for hyping up the robotaxi like the boy who cried wolf (over and over) to pump his stock price. And the wild part to me is that everyone keeps falling for it. Every. Single. Time. You’d think after the fourth or fifth “game-changing demo” (featuring a human sitting in the front seat with their hand hovering over a big red kill switch like they’re launching nukes), people would stop treating Elon’s timeline like gospel. But nope. He tweets “robotaxi event coming soon,” and the stock jumps like it's 2020 again.

But, I’ve gotta give the man credit where it’s due. Elon’s got stones. Whether you love him, hate him, or just watch from a safe distance with your favorite snack, the guy sticks to his convictions like Gorilla Glue. Even when it hurts. Even when it costs him billions in market cap. Whether it was joining the Trump administration, memeing DOGE into existence, or staying cool while Tesla dealerships were literally getting lit on fire during the “peaceful protests” (no big deal, just a few Molotov cocktails), the dude does not flinch.

And now, he’s doing it again. This weekend, Elon announced the launch of a brand-new political party: The America Party. In his words, “we live in a one-party system, not a democracy,” and he wants to give the people their freedom back. (Just ignore the part where he controls the world’s largest electric car company, the biggest private space program, and a social media platform. Totally powerless guy.)

(Source: AP News)

His plan is actually kinda smart. He wants to target 2-3 Senate seats and a handful of House districts. Just enough to swing key votes and “serve the true will of the people.” (And by “people,” he probably means whichever subreddit is currently praising him for not blinking during a cage match with government regulators.)

Unfortunately for him, investors aren’t praising him. Tesla’s stock is getting absolutely yeeted off a cliff. Down over 6% at the time of this writing, erasing roughly $70 billion in value in a single trading day… all because the CEO wants to cosplay as George Washington. Musk himself has personally lost over $9 billion in net worth so far. (But don’t worry, he’s still worth around $400 billion, so he’ll be fine, he’s not gonna be missing any child support payments. Probably won’t even have to downgrade his flamethrower collection.)

Even longtime bulls like Dan Ives of Wedbush are saying what everyone else is thinking: “This is exactly the opposite of what shareholders want right now.” In other words: Hey Elon, maybe fix your falling sales in China and the 13.5% delivery miss before you try to fix a democracy (the same democracy where Nancy Pelosi’s somehow worth over $120 million on a $223,500 congressional salary).

Of course, Trump couldn’t resist weighing in on this one. The former bromance buddy took to Truth Social and said Musk had “gone completely off the rails,” calling his new political party “ridiculous.” I’m sure his hands were shaking as he hit send. Historically, when Elon sets his mind to something, he gets it done… eventually.

The problem with all of this… is that investors are worried Musk is getting distracted (again) and could end up on the wrong side of policy decisions… especially after he exposed Trump’s “Big Beautiful Bill” and dipped out of his role in the so-called Department of Government Efficiency (aka: The Office of Firing Federal Employees).

Tesla’s already having a rough year. Deliveries are down, competition in China is heating up, and for the first time ever, Tesla might lose its “largest EV maker” title to BYD. And now the guy at the wheel is trying to pull off something we haven’t seen since Sarah Palin and the Tea Party tried to rewrite the playbook.

So yeah, I’ve clowned on Elon for hyping up vaporware like the robotaxi, and I’ll probably keep doing it. But at the end of the day, he’s not a coward. He believes in his mission… and doesn’t care if Tesla loses money because of it. Probably because he knows the next time they have another robotaxi event, it will jump right back up.

At the time of publishing this article, Stocks.News holds positions in Tesla as mentioned in the article.