Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future,” Musk concluded.

Though Trump and Musk are on the outs, workers with longstanding ties to the Tesla billionaire remain embedded in the government.

Tesla CEO Elon Musk rebuffed analyst Dan Ives' suggestion that Tesla's board establish guardrails for his political activism after he vowed to launch an America Party.

Elon Musk, the single biggest Republican donor in the 2024 elections, says he wants to create a new political party to lower the US national debt, which currently stands at $37 trillion.

Susie Wiles said it was "not a good ending" for Musk's time in the White House, but she enjoyed working with him overall.

Musk retweeted political charts showing that 43% of the U.S. is unaffiliated/ independent, despite 99% of Congress being part of one of the two major parties. He also commented on the Ukraine-Russia war and the tragic flooding in Texas.

Musk’s net worth fell by as much as $15 billion in the days following the announcement of his political party. Market Reaction: Tesla stock dropped nearly 7% on the first trading day after the announcement,

Tech mogul Elon Musk‘s public breakup with President Donald Trump and threat to form a new political party should be taken seriously amid frustrations among the MAGA base, according to top Republicans.