Key Takeaways 💥 Elon Musk launched the "America Party" on July 6, 2025, after clashing with Donald Trump over a $3.9 trillion spending bill. 🔥 Treasury Secretary Scott Bessent dismissed the move, urging Musk to focus on Tesla/SpaceX instead of politics. 💸 Investors rebuked Musk : Azoria Partners delayed a Tesla ETF, citing conflict with Musk’s CEO duties. 🗳️ Musk’s strategy : Target 2-3 Senate and 8-10 House races to break GOP’s razor-thin congressional majority. ⚖️ Legal hurdles : Forming a national third party requires navigating 50+ state ballot laws and FEC rules. 📉 Polling reality : Bessent noted Musk’s DOGE policies were popular—but Musk himself was not . The Bessent-Musk Blowup: Treasury Chief Tells Elon to "Stick to Business" Scott Bessent didn’t hold back. On CNN’s State of the Union (July 6), Trump’s Treasury Secretary slammed Elon Musk’s new political venture, flatly stating corporate boards at Tesl...
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