US EditionDonald Trump calls Elon Musk a ‘train wreck’ as feud escalates over third party
- On July 5, 2025, Elon Musk revealed the establishment of a new U.S. political entity called the America Party.
- Elon Musk announced the creation of a new political party in reaction to the tax-cut and spending legislation signed into law by President Donald Trump on July 4, 2025.
- Trump dismissed Musk's proposal for a new party as "ridiculous," asserting that the U.S. political landscape has long been dominated by two main parties and that introducing a third would only create more confusion.
- Musk condemned the bill for its poor fiscal management, cautioning that it would significantly increase the national deficit, while Trump responded by threatening to withdraw government contracts and subsidies from Musk's companies.
- Azoria Partners postponed launching a Tesla-related fund due to the party's creation, reflecting business uncertainty from Musk's political move and ongoing investor caution.
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U.S. President Donald Trump criticized businessman Ilon Mask after he announced plans to create a new political party called "Americana".
Elon Musk Says America First Filing 'False' And Has Been Reported To The Election Commission - Tesla (NASDAQ:TSLA)
Elon Musk denied a viral FEC filing suggesting he launched a third party called the "America Party," calling it fake, as Donald Trump mocked the rumored move as a political "train wreck."
The richest man in the world opposes the most powerful: Elon Musk wants to form a new party in the US. US President Donald Trump responds.
Trump Says Musk Has Gone ‘Off the Rails’ Following 3rd Party Plan
President Donald Trump has criticized Elon Musk’s plan to form a third political party, saying the Tesla CEO has gone “off the rails” following the passage of the sweeping spending bill that Musk has publicly opposed. “I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump stated in a Truth Social post on July 6. “He even wants to start a third political party, despite …
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