Tesla shares drop 7% after Musk unveils new U.S. political party

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1 of 2 | Tesla shares sold at $293 per share in morning trading but was on track to see its worst day of trading since June 5 when it tumbled 14% as the feud between Tesla CEO Elon Musk (pictured May 30 in the Oval Office of the White House in Washington, D.C.) and U.S. President Donald Trump erupted into public view. File Photo by Francis Chung/UPI | License Photo July 7 (UPI) -- Stock shares in Elon Musk's car company Tesla fell about 7% Monday after the billionaire ex-Trump administration official announced plans to form his new "America...