Donald Trump criticised Elon Musk's plan to launch a new political party. Trump stated third parties have never succeeded in the US. Musk announced the formation of the "America Party" after Trump signed a tax bill.

Elon Musk has launched the "America Party," aiming to disrupt the two-party system and challenge what he calls a corrupt "uniparty." This move formalizes his growing feud with Trump, as Musk vows to fund challengers to Republican incumbents.

The world's richest man's latest political activities prompted a brutal sell-off of Tesla stock as investors question his focus on the company.

The billionaire continued to criticize the GOP and appeared to take shots at the president after he mocked the idea of Musk creating a third-party in the U.S.