US EditionMusk should stay out of politics, US Treasury Secretary Bessent says
- Elon Musk announced the creation of the America Party on Saturday as a reaction to the recent tax-cut and spending legislation signed into law by Donald Trump.
- The bill, which reduces taxes and boosts funding for defense and border security, was approved exclusively along party lines in both the House and Senate, drawing criticism for increasing the federal deficit.
- Musk, who advised Trump early in his presidency, criticized the bill as fiscally irresponsible and said his new party would seek to unseat Republican lawmakers who supported it.
- Treasury Secretary Scott Bessent said Musk's political ambitions are unpopular with voters and likely unwelcome among the boards of directors at Musk’s companies, urging him to focus on business.
- Azoria Partners rebuked Musk’s political move by delaying its Tesla-linked exchange-traded fund, signaling investor concern over conflicts with Musk’s CEO responsibilities.
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99 Articles
U.S. Treasury Secretary Scott Bessent publicly expressed disagreement with Elon Musk’s political incursion and suggested that the entrepreneur should focus on his responsibilities as a leader of companies such as Tesla and SpaceX. “I imagine those boards did not like this announcement and will encourage him to focus on his business activities, not on his political activities,” Bessent said this Sunday during an interview. read more]]>
It's ridiculous, won't work: Donald Trump slams Elon Musk's 'America Party' plan
Elon Musk's launch of the 'America Party' came amid his feud with United States President Donald Trump, rising investor unease, and fresh questions over his political ambitions and business priorities.
Musk should stay out of politics, Treasury Secretary Bessent says | Honolulu Star-Advertiser
WASHINGTON >> A day after Elon Musk escalated his feud with Donald Trump and announced the formation of a new U.S. political party, the Republican president’s Treasury secretary said Musk should stick to running his companies.
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