Creation of the 'America Party'
Musk officially announced the creation of his new party — America Party, aimed at 'restoring freedom to Americans' and challenging the two-party system.
The poll on July 4 showed support from 65% of participants, and Musk has already filed documents with the FEC and the Texas election commission; Tesla's CFO Vaibhav Taneja has been appointed as treasurer.
The topic received wide resonance: criticism from Trump and the U.S. Treasury for Musk being distracted from business.
Reaction in the cryptocurrency market.
After the announcement, the meme coin America Coin (AP) quickly surged: in the first hours, its capitalization rose to $18 million (+120%), but then it plummeted by ~72%.
This demonstrates the popularity of politically motivated meme coins, but also their colossal volatility.
Musk and Bitcoin
Against the backdrop of these events, rumors emerged that Musk is 'quietly accumulating' BTC: he liked a tweet about buying bitcoins, which sparked a wave of discussions.
Despite this, Musk has not yet made any official statements regarding new investments in cryptocurrency.
Escalation of the conflict with Trump.
Trump announced a possible review of contracts with Musk's companies and even hinted at checking his citizenship.
In response, Musk accused Trump of 'mismanagement and corruption', compared the current system to a one-party system, and announced the formation of a new party.
Internal difficulties at Tesla
Tesla leaders (including the U.S. Treasury and Wedbush) express concern: Musk is distracted by politics, and car sales fell by 13% in the first half of 2025 — Tesla shares are already declining.
Preparations for the quarterly reports (Q2) are underway for July 23 — markets are awaiting signals from management.
Musk is transitioning from technology to politics — this affects public opinion and business reputation.
Meme coins respond promptly to political actions — a good illustration of crypto risks.
Impact on Tesla and BTC — reflecting Musk's potential to influence both finance and the technology sector.
