Tesla CEO vs. Trump: Elon Musk's Political Gambit Sparks ‘Train Wreck' Remark
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The announcement didn't go unnoticed. President Donald Trump sharply criticized Musk's move, calling him a 'train wreck' and claiming he had gone 'completely off the rails' in recent weeks. Trump also took aim at the viability of third parties in U.S. politics, calling the idea 'ridiculous' and a source of 'confusion.'
Musk Breaks with Trump in Political Power Play
The feud marks a sharp turn in their relationship. Musk had previously donated over $250 million to Trump's campaign and briefly served as an adviser in the White House, leading a cost-cutting initiative known as 'Doge.'
But tensions rose after Musk criticized Trump's recently signed 'One Big Beautiful Bill Act,' warning that it would add $3 trillion to the national debt and 'bankrupt' the country.
Musk Launches Party, Raises New Risks
While Musk hasn't confirmed any personal political run, he hinted that the America Party may focus on select congressional races in 2026, sparking speculation about its potential to draw votes away from Republicans in key districts.
Adding to the drama, Treasury Secretary Scott Bessent suggested that Musk's political involvement might worry Tesla and SpaceX's boards. Musk fired back, calling Bessent a 'Soros stooge' due to his past ties with Soros Fund Management, where he helped manage large investments under financier George Soros.
With politics entering Musk's already packed portfolio, both Wall Street and Washington are watching closely, especially as Tesla gears up for its Q2 earnings later this month.
What Is the Prediction for Tesla Stock?
When it comes to Elon Musk's companies, most of them are privately held. However, retail investors can invest in his most popular company, Tesla. Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 14 Buys, 12 Holds, and nine Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $293.09 per share implies 7.06% downside risk.
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- Associated Press
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Time Magazine
4 minutes ago
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