The stock tumbled another 7% Monday as Musk’s feud with President Donald Trump escalates, and their bromance fades into a distant memory. Musk is now promising to launch the America Party due to his gripes with Trump’s budget bill, which Musk argues is “bankrupting our country with waste & graft.”

Elon Musk said over the weekend he was starting a new “America Party.” That’s “exactly the opposite direction” that Tesla shareholders want, an analyst says.

Dan Ives, an analyst with Wedbush Securities, wrote that Musk's continued push into politics is "exactly the opposite direction" investors want to see.