Trump Slams Musk Plan for Rival Party as Feud Deepens

WATCH: Elon Musk says he’s formed a new political party called the America Party to “give you back your freedom.” Source: Bloomberg

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By María Paula Mijares Torres and Charlotte Yang

July 6, 2025 at 11:20 PM UTC

Updated on

July 7, 2025 at 8:22 AM UTC

President Donald Trump blasted Elon Musk’s bid to start a new political party, intensifying a feud between former allies and deepening investors’ concerns about implications for Tesla Inc. and other companies led by the world’s richest man.

“Third parties have never worked, so he can have fun with it, but I think it’s ridiculous,” Trump told reporters on Sunday. The US has “always been a two-party system,” he added.