
Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk has reiterated threats to form a new “America Party,” as his public feud with President Donald Trump over the “Big Beautiful Bill” continues to gather steam.
What Happened: The calls for a new U.S. political party gained momentum on July 1 after Musk sharply criticized President Trump's proposed bull, a federal spending package Musk labeled a "disgusting abomination" due to its tax breaks and cuts to essential programs like healthcare and food assistance.