Washington: Tesla CEO Elon Musk has officially launched a new political outfit, the America Party, intensifying his ongoing public rift with former U.S. President Donald Trump. The move marks a significant disruption to the traditional two-party political structure in the United States and has triggered sharp reactions from both political and financial circles.
Once allies, Trump and Musk have become increasingly adversarial since Trump’s exit from office. Their fallout, initially stemming from policy disagreements—particularly over the so-called “Beautiful Bill”—has now deepened into personal and political animosity. Musk’s announcement of a third political party has been viewed as a direct challenge to Trump’s influence.
Reacting to the development, Trump dismissed Musk’s initiative, stating, “He’s lost his way. That party is a big joke.” The comments coincided with a sharp dip in Tesla’s stock, which at one point fell by nearly 8% amid investor concerns over potential policy backlash and the possible loss of federal subsidies.
Musk’s Political Entry Shakes U.S. Landscape
The launch of the America Party was confirmed by Musk via his social media platform X (formerly Twitter), following weeks of speculation. “You wanted a new political party. You got it! Today, the America Party is born to restore your freedom,” Musk posted.
The announcement marks a dramatic turn in Musk’s political stance. Though he had publicly supported Trump in previous elections, growing ideological differences have led to a visible split. The new party is expected to appeal to disillusioned voters from both the Republican and Democratic camps, further fragmenting the U.S. political spectrum ahead of the 2024 presidential election.
Political analysts suggest that Musk’s entry into politics could alter voter dynamics, particularly among younger and tech-savvy constituencies. With his growing media influence and control over social media platform X, Musk is likely to play a disruptive role in shaping political discourse in the months to come.