Mr. Musk’s involvement in politics and his financial support for the president’s campaign were once seen by investors as a benefit to Tesla, fueling a steep rise in company shares after the election last year. That association has now turned into a liability. Tesla shares are down 40 percent from their peak in December.

Maslansky + Partners CEO Michael Maslansky evaluates the American political landscape on ‘The Will Cain Show.’

David Sacks, President Trump’s artificial intelligence (AI) and crypto czar, urged tech billionaire and friend Elon Musk to reconsider his recent third-party push, arguing his political goals

A renewal of executive churn is marking the billionaire’s return to business.