Last year, why did they still stand shoulder to shoulder? Why this year form a new party?
Musk's capital empire was once seen as the 'chosen external aid' for Trump's campaign. With platforms like X (formerly Twitter) and Tesla, he can not only accurately reach voters through platform algorithms but also inject 'money power' into the campaign through the resources of his business empire. When Trump returned to the campaign stage in 2023, Musk's platform temporarily became his 'second live broadcast room' for policy announcements, even tacitly allowing his team to optimize voter profiles through data scraping—this combination of 'capital + traffic' gave Trump a temporary advantage in the Republican primary.
However, behind the warmth of capital lies the ever-pulsating abacus of interests. As Trump's campaign spending skyrocketed into the hundreds of millions, Musk's anxiety over 'return on investment' also intensified: on one hand, the political donations of tech giants face strict regulatory scrutiny; on the other hand, policies that Trump might implement if he wins (such as adjustments to subsidies for new energy) could backfire on Musk's business empire. More critically, history has long proven that when power completes its phase of 'capital transfusion', 'the bird is gone, the bow is put away' becomes the norm—from the suppression of Wall Street during the Kennedy era to the restrictions on tech oligarchs during the Reagan era, political strongmen have never truly tolerated the existence of 'decentralizers'.
Once the new party is established, the market is bound to crash.
Conclusion:
When capital stands up, truth must bow its head; when power stands up, capital becomes worthless.