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 NewsEIA Crude Oil Stocks Change for Jul/04 in United States is 7.070M, higher than the previous value of 3.845M. The forecast was -2M.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.)