Shares of electric vehicle maker Tesla tumbled 8% in morning trading as the feud between CEO Elon Musk and Trump reignited over the weekend.

Tesla’s stock price has plunged in response to Elon Musk’s announcement of a new political party and his latest attacks on President Donald Trump. Investors are once again concerned about Musk’s focus as the company’s CEO announced over the weekend that he has launched the America Party.

Dan Ives, an analyst with Wedbush, wrote that Musk's continued push into politics is "exactly the opposite direction" investors want to see.

After being called a “train wreck,” Musk accuses Trump of hiding Epstein ties and mocks the administration’s broken promises to release the files.

Elon Musk escalated his public attacks on President Donald Trump Monday, suggesting his administration withheld findings about the federal investigation into Jeffrey Epstein, as their whirlwind friendship continues to devolve into a brutal back-and-forth on their respective social media platforms.