Trump Says Musk's New Party Is 'Ridiculous'
In comments to reporters on Sunday, Trump dismissed Musk's freshly minted political ventureteased on X with a poll showing 65% supportas a nonstarter. Musk, who has vocally criticized Trump's recent tax-and-spending bill as insane, had announced the formation of the America Party a day earlier but hasn't filed any formal paperwork yet.
Trump quipped that third parties have never worked, and said Musk is free to have fun with it but that it won't upend the Democrats-Republicans duopoly.
On Truth Social, Trump added that he was saddened to see Musk go completely off the rails, especially since the budget trims electric-vehicle subsidiesa move Musk vehemently opposes as Tesla (NASDAQ:TSLA) pushes EV adoption.
Musk's flirtation with a new party underscores growing tensions between tech titans and traditional politicsand highlights the limits of insurgent political movements in America. Trump's swift repudiation signals that even high-profile figures may struggle to break the longstanding two-party mold. For investors, Musk's political spats add another variable to Tesla's public perception and regulatory outlook, especially around EV incentives.
As Musk ramps up his political commentary, Trump's rebuke makes clear that building a viable third party remains an uphill battleeven for Silicon Valley's most influential CEO.
This article first appeared on GuruFocus.
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