Elon Musk Staging A Political Comeback? Tesla CEO Sparks 'America Party' Buzz As He Slams Trump's 'Insane Spending Bill'

Benzinga
2025.07.01 03:58
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Elon Musk has reignited speculation about a political comeback by criticizing President Trump's spending bill, which he deems 'insane.' He stated that if the bill passes, he would form the 'America Party' to provide an alternative to the current political landscape. Musk condemned the bill for increasing the U.S. debt ceiling by $5 trillion and criticized both major parties, suggesting they only serve their interests. The bill's implications could also impact Tesla and the EV industry by eliminating the federal EV credit.