Tesla (TSLA.US) saw its pre-market stock price sag as much as 7%+, currently down 6.6% at USD294.4. Over the weekend, Tesla CEO Elon Musk announced the formation of a new political party, the "America Party", aiming to secure 2-3 Senate seats and 8-10 House seats to act as a pivotal minority in contentious legislation, ensuring Congress serves the true will of the people.Related NewsInitial Jobless Claims for Jun/28 in United States is 233.0K, lower than the previous value of 237.0K. The forecast was 240K.A Wedbush Securities report stated that Musk’s deep political involvement is contrary to the expectations of investors and shareholders at a critical juncture for Tesla’s story.(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)