US President Donald Trump lashed out at Elon Musk on Truth Social late Sunday after Musk revealed plans for a new political group.
According to Musk’s July 5 post, he wants a third option for voters fed up with the two main parties. Based on reports, he’s yet to file formal paperwork or outline how the America Party would win ballot access in key states.
By a factor of 2 to 1, you want a new political party and you shall have it!
When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.
Trump pointed out that third parties have never broken through in modern US politics. He also took a shot at Democrats, saying they’ve “lost their confidence and their minds” over his recent crypto projects.
Trump responded by reminding Musk that he plans to end the federal electric vehicle mandate, something Musk supposedly agreed to without complaint. That swipe hints at a deeper split over how much the government should steer clean‑energy policy.
TRUMP coin dipped to about $8.47 following Trump’s comments, then bounced right back as fans shrugged it off. Based on reports from crypto analysts, the feud could still add volatility if it drags regulators or big investors into the fray.
History shows that building a new party takes more than social‑media polls. You need grassroots organizers, hundreds of thousands of petition signatures and millions in funding.
Musk’s fanbase might help with online buzz, but turning clicks into real voters is a different challenge. Trump noted this gap and cast doubt on whether Musk has a plan beyond stirring the pot on X.
It’s still early days. If Musk files with the Federal Election Commission or names state directors, the story will shift from rumor to reality. And if Trump follows up with threats to pull back support for Tesla or SpaceX contracts, markets might start to pay closer attention.
For now, though, it’s mostly a public spat. Both men are used to moving markets, including crypto, with a single tweet or post, but so far neither side has shown the playbook that would really change the game.
Featured image from Nine, chart from TradingView
