What happened
The feud between President Donald Trump and Elon Musk escalated over the weekend after the tech billionaire announced he is forming a new political party. In a post on X on Saturday, Musk said his America Party would "crack the uniparty system."
Who said what
Trump Sunday told reporters that his former ally's decision to bankroll a new party was "ridiculous." Musk has gone "off the rails" and is a "TRAIN WRECK," the president said on Truth Social.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The Tesla boss undoubtedly has "deep pockets," Reuters said, but "breaking the Republican-Democratic duopoly will be a tall order." And his political ambitions are in "exactly the opposite direction that most Tesla investors want him to take during this crucial period" for the company, said Dan Ives, a tech analyst with Wedbush Securities, in a note to investors Sunday, per The Washington Post.
What next?
Musk's investors will be watching closely to see if Trump follows through on his threat to stop the flow of billions of dollars in government subsidies to the tycoon's companies. Tesla shares dropped more than 7% in premarket trading this morning.
-
Calls for both calm and consequences follow Kirk killingTALKING POINTS The suspected assassination of far-right activist Charlie Kirk has some public figures pleading for restraint, while others agitate for violent reprisals
-
Why does Donald Trump keep showing up at major sporting events?Today's Big Question Trump has appeared at the Super Bowl, the Daytona 500 and other events
-
‘Democracy is under threat globally’Instant Opinion Opinion, comment and editorials of the day
-
Former top FBI agents sue, claiming Trump purgeSpeed Read The agents alleged they were targeted by a “campaign of retribution”
-
Why does Trump keep interfering in the NYC mayoral race?Today's Big Question The president has seemingly taken an outsized interest in his hometown elections, but are his efforts to block Zohran Mamdani about political expediency or something deeper?
-
Judge lets Cook stay at Fed while appealing ousterSpeed Read Trump had attempted to fire Cook over allegations of mortgage fraud
-
House posts lewd Epstein note attributed to TrumpSpeed Read The estate of Jeffrey Epstein turned over the infamous 2003 birthday note from President Donald Trump
-
Supreme Court allows 'roving' race-tied ICE raidsSpeed Read The court paused a federal judge's order barring agents from detaining suspected undocumented immigrants in LA based on race
