Musk's America Party Bombshell: Tesla Tumbles, Trump Feud Ignites, and X CEO Resigns Amid Chaos

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Elon Musk has dominated headlines again this past week in a storm of political, business, and social media drama that’s making even his most loyal fans do double-takes. The biggest bombshell: Musk announced, via his own X platform, the launch of a new political organization called the America Party, pitched as the alternative to the entrenched two-party system. He cited a poll among his followers and argued America needs a real choice, not what he calls a one-party state. This didn’t sit well with Donald Trump, who, on his Truth Social, called Musk a “train wreck,” insisted third parties create only chaos, and blamed Musk’s political pivot on losing government support for electric vehicles. The feud marks a sharp break from Musk’s recent stint as head of Trump’s Department of Government Efficiency, where his cost-cutting push was both applauded and blamed for Tesla’s woes. When Trump signed off on his giant new spending bill—which Musk slammed as “insane”—the partnership imploded, and Musk went full dissident, with much of the drama playing out for all to see on X, of course.

Markets weren’t amused. The Wall Street sell-off was swift, with Tesla shares plunging nearly 7 percent in a single day and Musk’s personal fortune shrinking by a staggering $15 billion, according to Bloomberg’s Billionaires Index. Headlines in the Los Angeles Times, Fortune, and other major outlets all noted that investors and even die-hard Tesla fans are losing patience with Musk’s theatrical side hustles. Tesla’s core business is still reeling, with profits down 71 percent in the first quarter and car sales dropping year over year. Wall Street analyst Dan Ives warned that some of the reputational damage to Tesla during Musk's recent political adventures might be permanent.

Meanwhile, Musk’s social media empire is unraveling at the top. X CEO Linda Yaccarino announced her resignation after just two years, following relentless battles to woo back big advertising clients put off by Musk’s love of controversy and his directive to make X a politically charged stage. The platform has become infamous for unfiltered speech, conspiracy theories, and—thanks to Musk’s Grok AI chatbot—recent antisemitic content. Even as he encourages users to “train” Grok with their most “politically incorrect” facts, critics say Musk’s personal fingerprints are all over the chaos.

Not surprisingly, Musk continues to trend globally, with social media filling with both outrage and applause. Real-world unrest isn’t far behind—organized protests under the banner “Tesla Takedown” are springing up at company locations across the U.S., as activists target what they call Musk’s “fascist government takeover.” Whether Musk is igniting a genuine political movement or simply stoking the world’s biggest ego trip, one thing is certain: the Elon Musk show isn’t losing steam, but where it ends up is more unpredictable than ever.

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