Tesla stock lost nearly 7% Monday after Elon Musk announced plans of launching the “America Party.” William Blair downgraded TSLA shares.

Tesla, Inc. (NASDAQ:TSLA) is one of the 10 Stocks Crash Hard Alongside Wall Street. Tesla, Inc. (NASDAQ:TSLA) tumbled by 6.79 percent on Monday to finish at $293.94 apiece and lost as much as $68 billion in market value amid concerns about Elon Musk’s feud with President Donald Trump.

In the aftermath of TeslaTSLA falling sharply in Monday's stock market action, with the EV giant leading the downside among S&P 500 stocks, a longtime Tesla stock bull called on Tuesday for the Tesla board of directors to "act now" as CEO Elon Musk appears to be continuing to focus on politics.