Billionaire Elon Musk over the weekend announced that he's launching a new "America Party" to challenge the Republican and Democratic parties – though his latest foray into politics has Tesla shares sliding. Musk on Friday posted a viral poll on X, the social media platform he owns, that asked users if they "want independence from the two-party (some would say uniparty) system" and if the America Party should be created. The poll came in response to President Donald Trump signing the GOP's One Big Beautiful ...

Tesla CEO Elon Musk and U.S. President Donald Trump at the Oval Office of the White House on May 30, 2025.U.S. President Donald Trump lashed out against Elon Musk after he formed a new political party, calling the move "ridiculous," and saying the tech billionaire had gone "completely off the rails.""I am saddened to watch Elon Musk go completely 'off the rails,' essentially becoming a TRAIN WRECK over the past five weeks," Trump said in a post on Truth Social late Sunday stateside. "The one thing Third Par ...