Elon Musk\u2019s Tesla may suffer another setback as his feud with Donald Trump escalates. The billionaire, who once enjoyed Trump\u2019s endorsement, now faces backlash after announcing plans to launch a new political party, the \u201cAmerica Party,\u201d challenging the two-party system.<\/p>\n\n\n\n
Trump responded harshly on Truth Social, calling Musk \u201coff the rails\u201d and a \u201ctrain wreck.\u201d The public spat has rattled investors, with Tesla shares dropping over 7% in pre-market trading, risking a $70 billion market value loss.<\/p>\n\n\n\n
Musk\u2019s personal stake in Tesla could also lose over $9 billion if the decline continues. Earlier this year, his support for Trump already alienated some customers, even leading to arson attacks on Tesla dealerships amid government efficiency cuts.<\/p>\n\n\n\n
The rift deepened over Trump\u2019s \u201cOne Big Beautiful Bill,\u201d a $4.5 trillion tax cut extension favoring wealthy Americans and businesses. Musk, who co-led the Department of Government Efficiency (DOGE), criticized the bill before stepping down in May.<\/p>\n\n\n\n
Trump later claimed Musk was \u201casked to leave\u201d DOGE, calling his behavior \u201cdisgusting\u201d and even threatening deportation. Musk also accused Trump of ties to Jeffrey Epstein, further straining their relationship.<\/p>\n\n\n\n
Despite the feud, Trump\u2019s tax bill passed and was signed into law on July 4. Meanwhile, Musk\u2019s political ambitions remain uncertain, with no confirmation if his new party is officially registered.<\/p>\n\n\n\n
The ongoing conflict raises concerns about Tesla\u2019s stability, as Musk\u2019s polarizing actions continue to impact both his businesses and political ventures. Investors and consumers alike are watching closely.<\/p>\n","protected":false},"excerpt":{"rendered":"
Elon Musk\u2019s Tesla may suffer another setback as his feud with Donald Trump escalates. The billionaire, who once enjoyed Trump\u2019s endorsement, now faces backlash after announcing plans to launch a new political party, the \u201cAmerica Party,\u201d challenging the two-party system. Trump responded harshly on Truth Social, calling Musk \u201coff the rails\u201d and a \u201ctrain wreck.\u201d…<\/p>\n","protected":false},"author":2,"featured_media":282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/topstoryus.com\/index.php?rest_route=\/wp\/v2\/posts\/281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/topstoryus.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/topstoryus.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/topstoryus.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/topstoryus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=281"}],"version-history":[{"count":1,"href":"https:\/\/topstoryus.com\/index.php?rest_route=\/wp\/v2\/posts\/281\/revisions"}],"predecessor-version":[{"id":283,"href":"https:\/\/topstoryus.com\/index.php?rest_route=\/wp\/v2\/posts\/281\/revisions\/283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/topstoryus.com\/index.php?rest_route=\/wp\/v2\/media\/282"}],"wp:attachment":[{"href":"https:\/\/topstoryus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/topstoryus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/topstoryus.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}