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.
-
China’s single mothers are teaming upUnder the Radar To cope with money pressures and work commitments, single mums are sharing homes, bills and childcare
-
Employees are branching out rather than moving up with career minimalismThe explainer From career ladder to lily pad
-
‘It is their greed and the pollution from their products that hurt consumers’Instant Opinion Opinion, comment and editorials of the day
-
‘It is their greed and the pollution from their products that hurt consumers’
Instant Opinion Opinion, comment and editorials of the day
-
GOP wins tight House race in red Tennessee districtSpeed Read Republicans maintained their advantage in the House
-
Trump targets ‘garbage’ Somalis ahead of ICE raidsSpeed Read The Department of Homeland Security will launch an immigration operation targeting Somali immigrants in the Minneapolis-St. Paul area
-
Hegseth blames ‘fog of war’ for potential war crimespeed read ‘I did not personally see survivors,’ Hegseth said at a Cabinet meeting
-
‘It’s critical that Congress get involved’Instant Opinion Opinion, comment and editorials of the day
-
Canada joins EU’s $170B SAFE defense fundspeed read This makes it the first non-European Union country in the Security Action for Europe (SAFE) initiative
-
Appeals court disqualifies US Attorney Alina HabbaSpeed Read The former personal attorney to President Donald Trump has been unlawfully serving as US attorney for New Jersey, the ruling says
-
White House says admiral ordered potential war crimeSpeed Read The Trump administration claims Navy Vice Adm. Frank ‘Mitch’ Bradley ordered a follow-up strike on an alleged drug-smuggling boat, not Pete Hegseth
