Trump, Elon Musk
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Trump's Department of Government Efficiency led by Elon Musk faced resistance while attempting to reduce federal workforce and address the $37 trillion national debt.
President Donald Trump and Elon Musk are trading public insults after the Tesla billionaire suggested he'll create a new political party, "America Party."
The billionaire continued to criticize the GOP and appeared to take shots at the president after he mocked the idea of Musk creating a third-party in the U.S.
Shares of Tesla tumbled 8% at the opening bell Monday as the feud between CEO Elon Musk and Trump reignited over the weekend.Musk, once a top donor and ally of Trump, announced that he was forming a third political party in protest over the Republican spending bill that passed late last week.
Billionaire tech mogul-turned-political agitator Elon Musk has reignited tensions with MAGA world, this time by alleging that former Trump advisor Steve Bannon is named in the Jeffrey Epstein files.
More than a month after their initial social media bluster, Elon Musk has announced the formation of a new U.S. political party in response to U.S. President Donald Trump signing his sweeping tax and spending bill into law.
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It’s not yet seven weeks since two of the most powerful men in America bid each other a fond farewell during a meeting in the Oval Office, Elon Musk hanging up his hat as the head of the Trump administration’s Department of Government Efficiency and returning to Texas as CEO of Tesla.
July 7–8, 2025: The first trading day since Musk’s weekend announcement, Tesla shares tumbled, and Musk’s personal fortune dropped by as much as $15 billion, according to the Bloomberg Billionaires Index. As of July 9, it stands at $349 billion with Tesla shares broadly unchanged.
President Trump announced Wednesday that Transportation Secretary Sean Duffy will temporarily lead the National Aeronautics and Space Administration, weeks after Mr. Trump withdrew an Elon Musk-linked entrepreneur as his pick to lead the space agency.