India, July 7 -- Elon Musk's wealth dropped by $14 billion on Monday, and Tesla shares decreased by 7 per cent, after he revealed a new political organization - the America Party. As reported by Forbes, this significant decline indicates investor discomfort regarding Musk's increasing political engagement, particularly his recent clashes with US President Donald Trump. Although Musk continues to possess the world's largest wealth at $393 billion, his recent actions are unsettling both markets and investors.

Analysts on Wall Street were quite candid. Jed Dorsheimer of William Blair downgraded Tesla from "buy" to "hold," pointing to Elon Musk's political distractions and a more challenging regulatory climate for electric vehicles following...