U.S. Treasury Secretary to Musk: 'Stay Out of Politics, Focus on Your Companies'
A day after tech mogul Elon Musk announced the formation of a new political party in a direct challenge to former President Donald Trump, U.S. Treasury Secretary Scott Bissent issued a blunt public message: 'Stick to running your companies and leave politics to the politicians.'
The remark comes amid growing concern from investors and board members over Musk's deepening political involvement. The announcement of Musk's 'America Party' over the weekend has already had immediate financial repercussions, including the postponement of a major investment initiative.
Investor Backlash and Delayed Deals
Azuria Partners, a private equity firm that had been planning to launch a Tesla-linked investment fund this week, said Sunday it would delay the project. In a statement, the firm cited 'an inherent conflict between Mr. Musk's executive responsibilities and the political ambitions he has now publicly declared.'
James Fishback, CEO of Azuria Partners and a known Trump supporter, took to X (formerly Twitter) to voice his disapproval. 'Elon left us no choice,' Fishback posted, calling on Tesla's board to convene an emergency meeting and demanding clarity on Musk's political intentions.
Musk vs. Trump: From Allies to Rivals
The political clash marks a dramatic turn in the relationship between Musk and Trump. The two were once allies, with Musk playing a visible role during Trump's re-election campaign and even advising on tech-related issues during his first term. But the recently passed 'Big Beautiful Law'—Trump's sweeping tax-cut and defense spending package—proved to be the final straw.
Musk blasted the law, warning it would "bankrupt the country" and disproportionately harm clean energy initiatives. His proposed party, the 'America Party,' aims to challenge pro-Trump Republicans in the upcoming midterms.
Musk's sharp pivot has reportedly alarmed board members at both Tesla and SpaceX, according to Secretary Bissent. 'I imagine the boards were not thrilled with yesterday's announcement,' Bissent said during a Sunday CNN interview. 'They'll likely encourage Elon to refocus on the business side.'
Trump Responds with Threats
President Trump, never one to leave a slight unanswered, claimed Musk's outrage was rooted in the removal of electric vehicle tax incentives from the new law—an indirect blow to Tesla's profit margins. Speaking to supporters at a rally in Ohio, Trump warned he might revoke billions of dollars in federal contracts and subsidies currently flowing to Musk's companies.
'Tesla and SpaceX have made fortunes off the government,' Trump said. 'If Elon wants to play politics, he better be ready to lose the perks.'
A Popular Department, An Unpopular Founder
Interestingly, despite the political turbulence, Musk's earlier government initiative— the Department of Government Efficiency (DOGE), established during Trump's administration—remains widely popular. But as Bissent noted, 'Voters liked DOGE. They didn't necessarily like Elon.'
Recent polling supports Bissent's view, showing lukewarm public support for Musk as a political figure, despite his towering influence in the tech and automotive sectors.
What's Next for Musk?
While the White House has not issued an official response, Trump's chief economic advisor Stephen Miran defended the controversial law during a separate interview with ABC. 'The Big Beautiful Law will unleash economic growth,' he said.
Meanwhile, calls are growing within Tesla's shareholder community for clarity and accountability. Whether Musk will double down on his political crusade or heed calls to step back remains unclear.
But as markets react and political tensions rise, one thing is certain: Elon Musk's entry into politics has rattled not just Washington—but Wall Street, too.
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Taarek Refaat A day after tech mogul Elon Musk announced the formation of a new political party in a direct challenge to former President Donald Trump, U.S. Treasury Secretary Scott Bissent issued a blunt public message: 'Stick to running your companies and leave politics to the politicians.' The remark comes amid growing concern from investors and board members over Musk's deepening political involvement. The announcement of Musk's 'America Party' over the weekend has already had immediate financial repercussions, including the postponement of a major investment initiative. Investor Backlash and Delayed Deals Azuria Partners, a private equity firm that had been planning to launch a Tesla-linked investment fund this week, said Sunday it would delay the project. In a statement, the firm cited 'an inherent conflict between Mr. Musk's executive responsibilities and the political ambitions he has now publicly declared.' James Fishback, CEO of Azuria Partners and a known Trump supporter, took to X (formerly Twitter) to voice his disapproval. 'Elon left us no choice,' Fishback posted, calling on Tesla's board to convene an emergency meeting and demanding clarity on Musk's political intentions. Musk vs. Trump: From Allies to Rivals The political clash marks a dramatic turn in the relationship between Musk and Trump. The two were once allies, with Musk playing a visible role during Trump's re-election campaign and even advising on tech-related issues during his first term. But the recently passed 'Big Beautiful Law'—Trump's sweeping tax-cut and defense spending package—proved to be the final straw. Musk blasted the law, warning it would "bankrupt the country" and disproportionately harm clean energy initiatives. His proposed party, the 'America Party,' aims to challenge pro-Trump Republicans in the upcoming midterms. 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Written by Howayda Awad Ahmed Israel's deception of European countries and the lies it employs in the media it broadcasts to those countries, claiming that the land inhabited by the Jews is the Promised Land, and that the Palestinians are merely Arab inhabitants seeking to strip them of their Jewish identity. Because most of those countries have a mental makeup problem, namely the persecution of Jews since ancient all the crimes committed by the Zionist army against defenseless civilians and children are in defense of existence. Since Operation Flood of Al-Aqsa, European support has reached its peak at all levels. They support the Israeli existence and the defense of its land, as they claim. This support has not ceased to this day due to the Zionist media fabrications, lies, and various stories broadcast to delude the European continent into believing that they are in a state of defense of existence. Quite simply, Gaza was lost and reduced to rubble, with more than 25,000 martyrs and thousands more injured, hungry, and disabled. All this was applauded by Europe, which embraces all the ideas promoted by the Hebrew media in Europe day and night to gain positions and endless support. This was in the complete absence of international and humanitarian law, international conventions, and treaties. But a surprise recently occurred: the European conscience began to awaken slightly from its deep slumber and accepted the proposal of Spain and Ireland in 2024 and to consider the European partnership with Israel. This stems from the refutation of the position of the Israeli government and its far-right Prime Minister Netanyahu regarding US President Donald Trump's recent moves in the Middle East, the negotiations with Iran to halt its nuclear program, Trump's choice to play it alone, far from Israel, his agreement with the Houthis in Yemen, the cessation of airstrikes on Yemen, and the exclusion of Israeli ships from the agreement. Netanyahu felt anger and disappointment, and that Trump only cares about America's interests, even at Israel's expense. Matters worsened when Trump visited the Gulf last month, ignoring a visit to Israel. The situation then escalated with the establishment of mechanisms and a negotiating line directly with Hamas to secure the release of an American prisoner without any reference to Israel. Europe is following Trump's ideology directly, but this time it has adopted an independent approach, not subservient to the US position all along. It has a different stance on events in the Middle East and Ukraine, and is committed to European economic security. Europe's pent-up anger is searching for an outlet to explode from Israeli practices. We have seen France, Britain, and Canada in particular summon Israeli ambassadors, suspend talks on a free trade zone with Britain, and demand and condemn the cessation of displacement, genocide, and starvation in Gaza, and open the door to humanitarian aid. Israel's response, unfortunately, was the Gideon Armored Vehicles, an operation designed to end its plan to completely occupy Gaza, divide it, and tighten security control over it. It has thrown all European opinion, unable to ignore humanitarian and civil society organizations working in international relief, universities, and school students denouncing Israeli massacres, and bringing this matter to the International Court of Justice or the International Criminal Court. All of this has put pressure on Europe. Because the world is now governed by the logic of the jungle and double standards, Europe's position will become difficult if it does so, harming its position on the Russian-Ukrainian war. It has found it necessary to unify its position and change its direction. This has placed the entity under isolation and boycotts in various popular spheres, halting conferences and research activities, and closing some Israeli-affiliated companies. This clear and explicit threat from the European Union will have a profound impact due to Israel's violations of human rights. Israel may even lose trade relations with the European Union, which accounts for more than 30 percent of Israel's international trade. The situation is exacerbated in the practical field, including satellites and the requirements of scientific advancements in the field of computers and globalization. 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Therefore, Israel pretended to accept the pressure and allowed the entry of some food, relief supplies, and trucks, which do not meet the needs of Gaza, which is crying out for refuge. Unfortunately, this aid was used as a political bargaining chip and a weapon for Israel in a war that will only end by a miracle. Then the Zionist entity resumes broadcasting to the European media that they do not understand the gravity of the security situation and that the people of Israel are threatened by the Arabs, thus allowing its actions to go unpunished, dissolving partnerships, terminating trade agreements, and stripping it of its international immunity. Let us see what the outcome of the two-state solution conference this month at the United Nations, under French and Saudi sponsorship, will be, and what recommendations it may ultimately unravel. Then Israel resumes broadcasting to the European media to stop European decisions, using the old priesthood of anti-Semitism and its influence on European commercial, political, economic, social, and even humanitarian decision-makers. Israel will not abandon its old dream of extending the Nile to the Euphrates and its project of regional expansion in Lebanon, Syria, and all the countries of the Arab region. It will maintain a state of no war, no peace, and insecurity, which will make all the countries of the region aware that future expansionism will not stop as long as the United States and the European Union take a position of objection at times and rejection at other times, to silence the peoples of the world.
