⚖️ Escalating Political Conflict with Trump
After criticizing the "One Big Beautiful Bill" spending law, Trump threatened to cut financial support and even review contracts with Tesla and SpaceX.
As a result, Tesla's shares fell by between 5 to 7%, amid fears of losing electric vehicle incentives.
🗳️ Musk is considering founding a third political party
On platform X on July 4, Musk launched a poll about establishing the America Party as an alternative to the Democratic and Republican parties.
His call came in response to the massive spending law, with promises to focus the party's efforts on a limited number of parliamentary seats for effective impact.
However, the investigation into U.S. electoral law shows that launching a new party poses a long-term legal and financial challenge.