Negative.

Tesla shares dropped nearly 8% after Elon Musk announced plans to launch a new U.S. political party, causing concerns about his commitment to the company. The ‘America Party’ was unveiled following a dispute with President Trump. Trump threatened to cut subsidies to Musk’s companies, resulting in a $150 billion loss in Tesla’s market value. Musk’s move comes after Tesla reported a drop in deliveries, putting pressure on the stock. The board is now under scrutiny, with questions about Musk’s ability to focus on Tesla amidst his political ambitions. Shares of competitors like Rivian and Lucid also fell.

Read more at Yahoo Finance: Tesla slides as Musk’s ‘America Party’ heightens investor worries