Billionaire Elon Musk is seemingly making good on his threat of creating his own “America Party” political party — and Tesla investors couldn’t be more unhappy.

After Congress passed president Donald Trump’s so-called “big, beautiful bill” last week — a piece of legislation Musk has called a “disgusting abomination” and “utterly insane” — Musk announced that his new party could focus “on just two or three Senate seats and eight to 10 House districts.”

“When it comes to bankrupting our country with waste and graft, we live in a one-party system,…


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Last Update: July 8, 2025