Republicans are rightly worried about Elon Musk’s threat to form a third party, but for all his considerable talents, the billionaire’s latest political project faces numerous obstacles before it can become a real threat to the status quo.

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.

Tesla shares sank Monday after CEO Elon Musk announced he would form a new political party in an escalation of his feud with President Donald Trump.

"The America Party is formed to give you back your freedom," Musk said, days after Trump debated deporting him.

ToplineElon Musk on Monday took an apparent jab at President Donald Trump—posting on X about the inconsistent White House claims about a so-called “Epstein list”—after the president mocked the billionaire’s announcement of a new political party,

U.S. President Donald Trump has strongly criticized Elon Musk’s announcement to launch a new political party, calling the idea “ridiculous” and “confusing.” Trump Rejects Musk’s Bold Political Move Trump’s comments followed Musk’s announcement that the “America Party” had been formed in response to Trump’s recently passed spending and tax cut measure.

Billionaire Elon Musk indicated Tuesday that releasing files related to convicted sex trafficker Jeffrey Epstein will be a major goal for his third party. President Donald Trump and his administration confirmed Tuesday it had finished its investigation into Epstein,

The fallout between Elon Musk and Donald Trump came as no surprise to those who have worked closely with the individuals, such as OpenAI's Sam Altman.