Trump, Elon Musk
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Here's what it would take for Elon Musk to launch a third-party effort to represent what he called "the 80% in the middle."
19hon MSN
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.
The brief détente between Elon Musk and President Donald Trump took its last breath over the weekend, as the billionaire and once top Republican donor announced he would form a new political party.
Trump’s “Ice Maiden” Chief of Staff Susie Wiles has admitted that the president and Elon Musk suffered a “very troublesome” end to their friendship. When Musk’s stint as a special government employee ended in May,
Though Trump and Musk are on the outs, workers with longstanding ties to the Tesla billionaire remain embedded in the government.
From her early days as an intern at NBCU to getting hired by Elon Musk to be CEO of X, follow Linda Yaccarino's career rise.
As the Tesla boss has ramped up threats to form a new third party after Republicans passed Trump’s mega-spending bill, Musk also purged his X account of House Speaker Mike Johnson, the White House’s Rapid Response account, Republican Congresswoman Nancy Mace, Energy Secretary Chris White, and MAGA activist Scott Presler.
Tesla, the jewel of Musk’s public holdings, has paid the price. The electric vehicle company has shed over $350 billion in market cap since the start of the year. X, formerly known as Twitter, hasn’t fared much better: its AI chatbot Grok has been caught spewing antisemitic content, and CEO Linda Yaccarino just announced her resignation on July 9.
Copper and pharmaceuticals are getting hit with the tariff stick and the price is steep says President Trump who is promising more trade deals. Stocks remain volatile amid the uncertainty, but investors are piling into Nvidia lifting its market cap to new record.