US EditionMusk should stay out of politics, US Treasury Secretary Bessent says
- On Sunday, Bessent urged Musk to focus on his companies after he launched the America Party following Trump's deficit bill.
- Responding to Trump’s deficit-raising bill, Musk formed the America Party, citing its projected $3.3 trillion increase in the deficit by 2034.
- Azoria postponed its Tesla ETF support, and Bessent said Musk’s companies’ boards discourage his political activities, while Musk filed paperwork with the FEC for the party.
- Bessent advises Musk to focus on his companies as Trump threatens to review Tesla and SpaceX contracts, amid market declines and legislative deficit concerns.
- With an eye on 2026 midterms, Musk aims to influence key Senate and House races, potentially swaying legislative outcomes amid shareholder and political pushback.
104 Articles
104 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]]>
Musk, now a Trump critic, said he founded "America Party" to challenge what he called the country's "one-party system."
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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