‘Train wreck': Trump slams Musk's ‘ridiculous' new political party
Laura Loomer, a leading MAGA influencer, said the move could trigger Republican defections and split the party's base. 'I predict Tucker Carlson, MTG [Marjorie Taylor Greene] and Thomas Massie will join the new 'America Party' to spite President Trump,' she posted on X, adding that Carlson, the conservative commentator, was 'probably' going to run for president in 2028.
However, US Treasury Secretary Scott Bessent insisted Musk's party would pose no threat. 'Look, the principles of DOGE were very popular. I think if you looked at the polling, Elon was not,' he told CNN on Sunday.
Musk spent millions of dollars underwriting Trump's 2024 re-election effort and, for a time, regularly showed up at the president's side in the White House Oval Office and elsewhere.
However, their disagreement over the spending bill led to an acrimonious falling out that Musk briefly tried – unsuccessfully – to repair.
Loading
Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla's electric vehicles. The president has threatened to pull billions of dollars that Musk's companies, Tesla and SpaceX, receive in government contracts and subsidies in response to criticism.
Trump on Sunday also said that the Musk ally the president initially named to lead NASA would have presented a conflict of interest.
In his social media comments, Trump said it was 'inappropriate' of Musk to have named Jared Isaacman as NASA administrator considering Musk's business with the space agency.
In December, Trump named Isaacman, a billionaire private astronaut, to lead NASA, but withdrew the nomination on May 31, before his Senate confirmation vote and without explanation.
Trump, who has yet to announce a new NASA nominee, on Sunday confirmed media reports he disapproved of Isaacman's previous support for Democratic politicians.
'I also thought it inappropriate that a very close friend of Elon, who was in the Space Business, run NASA, when NASA is such a big part of Elon's corporate life,' Trump said on Truth Social.
'My Number One charge is to protect the American Public!'
Musk's announcement of a new party political immediately brought a rebuke from investment firm Azoria Partners, which said it would postpone the listing of its Azoria Tesla Convexity exchange-traded fund because the party's creation posed 'a conflict with [Musk's] full-time responsibilities as CEO'. Azoria was set to launch the Tesla fund this week.
Azoria chief executive James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.
'I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,' Fishback said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

ABC News
22 minutes ago
- ABC News
Albanese bats away questions about Taiwan and US defence demands on first day of China visit
The prime minister has been forced to bat away fresh defence demands from the Trump administration on the first full day of his visit to China, insisting that Australia supports "the status quo" in regards to Taiwan. The Financial Times reported on Saturday that senior defence official Elbridge Colby — who is leading the Trump administration's review of the AUKUS pact — was pressing both Australia and Japan to say what role they would play if the US and China went to war with Taiwan. Mr Elbridge took to social media after the piece was published to say that Mr Trump was focused on restoring US strength, including "by urging allies to step up their defense spending and other efforts related to our collective defense". "Of course, some among our allies might not welcome frank conversations. But many, now led by NATO after the historic Hague Summit, are seeing the urgent need to step up and are doing so," he said. The story came at an awkward moment for Anthony Albanese who fielded several questions on Mr Colby's comments during his visit to the commercial metropolis of Shanghai. Mr Albanese told reporters Australia did not support "any unilateral action" on Taiwan and that its spending on both defence and aid was "about advancing peace and security in our region". "We have a clear position and we have been consistent about that … We don't want any change in the status quo." A separate US government source told the ABC that the US — which maintains its own policy of strategic ambiguity when it comes to the defence of Taiwan — was having a "broader conversation" with allies like Australia. They also said Australia had rejected overtures from US officials who suggested Australia should give specific assurances to the Trump administration about how they'd deploy Virginia class submarines acquired through the AUKUS pact in the event of the US going to war. Asked whether the US was entitled to seek assurance about an Australian response to a war over Taiwan given its own position of strategic ambiguity, Mr Albanese did not answer directly but said the question answered itself. Earlier, acting Defence Minister Pat Conroy told the ABC's Insiders on Sunday Australia did not "engage in hypotheticals" and would make its own decisions in response to any conflict. "The sole power to commit Australia to war, or to allow our territory to be used for a conflict, is the elected government of the day," he said. "Sovereignty will always be prioritised and that will continue to be our position." Mr Albanese has tried to use the first leg of his visit to highlight the human links between Australia and China, going for a walk down Shanghai's famous waterfront with ex Socceroo Kevin Muscat, who is the manager for high-profile local soccer club Shanghai Port FC. After that he launched a new "chapter" of a major Australian tourism campaign designed to coax more Chinese visitors back to Australia, who have returned to Australia more slowly than expected in the wake of COVID-19 travel bans. He also met Shanghai Party Chairman Chen Jining, where he praised China's rapid economic development. "The development we can see across the river is symbolic of the extraordinary development that China has seen in recent decades, lifting literally hundreds of millions out of poverty," he said. Mr Albanese told the chair that Australia wanted to engage in "frank and constructive dialogue" to promote "stability" in the region. "We deal with each other in a calm and consistent manner and we want to continue to pursue our national interests," he said. "And it's in our interests to have good relations with China."


Perth Now
29 minutes ago
- Perth Now
US bombshell hits PM's China trip
One of Donald Trump's key defence advisers and the man in charge of the AUKUS review has doubled down on Australia's need to increase defence spending, following reports that Australian defence officials have been urged to commit to supporting the United States if China were to invade Taiwan. US Undersecretary of Defence Elbridge Colby said the US' position of 'achieving peace through strength' was 'abundantly and consistently clear,' and would include urging allies to 'step up their defence spending and other efforts related to our collective defence'. This follows Mr Hegseth's call for Australia to boost immediately boost investment from 2 per cent to 3.5 per cent of GDP, about $40bn, significantly beyond Labor's current commitment to reach 2.33 per cent by 2033. While Mr Colby, a noted China hawk, didn't name countries who are lagging on their funding commitments, he said the US would 'not be deterred'. Eldridge Colby's call comes as Australia has resisted calls from the US to increase spending. NewsWire/ Nikki Short Credit: News Corp Australia 'Of course, some among our allies might not welcome frank conversations. But many, now led by NATO after the historic Hague Summit, are seeing the urgent need to step up and are doing so,' he wrote on X. 'President Trump has shown the approach and the formula – and we will not be deterred from advancing his agenda.' His comments follow reports in the Financial Times on Saturday that Mr Colby has been pushing Japanese and Australian defence officials on their response if China invaded Taiwan, an outcome US Defence Secretary Pete Hegseth said was an 'imminent' threat. Quoting one US official, they told the UK publication that while the US does 'not seek war,' or to 'dominate China,' the US wants to ensure both it and its allies 'have the military strength to underwrite diplomacy and guarantee peace'. Speaking to the ABC on Sunday, Acting Defence Minister Pat Conroy would not 'engage in hypotheticals' or 'disclose confidential discussions'. 'The sole power to commit Australia to war or to allow our territory to be used for a conflict is the elected government of the day,' he said. 'That is our position. Sovereignty will always be prioritised, and that will continue to be our position.' Defence Industry Minister Pat Conroy addresses the National Press Club of Australia in Canberra. NewsWire / Martin Ollman Credit: News Corp Australia Australia has repeatedly rebuffed calls from the US to boost defence spending, stating that the amount will be decided according to Australia's sovereign needs, which has in-turn put pressure on the alliance, and Anthony Albanese's attempts to secure a tariff exemption. While politically, the Prime Minister is under increasing pressure to secure a meeting with Mr Trump, the leaders are set to have a face-to-face talk in early September during the Quad meeting in India. This will also be the first in-person meeting between Mr Albanese and Mr Trump since the President's re-election in November, however the leaders have shared three phone calls. Echoing comments made by Anthony Albanese, who is currently on a six-day diplomatic mission in China, Foreign Minister Penny Wong last week said that said Australia's security should not be defined 'simply in the terms of what China or the United States is doing in the regions'. 'Instead Australia will 'take our own approach to our relationships, to the rules and to this region that we share,' she said while attending the ASEAN Summit in Malaysia.

Sydney Morning Herald
33 minutes ago
- Sydney Morning Herald
Why Donald Trump's good-looking cabinet can't stop making him look bad
It was a Jack Nicholson-Tom Cruise moment. President Donald Trump couldn't handle the truth. He didn't even know the truth. And he has no respect for truth, so even if he knew, why would he tell the truth about the truth? At a White House lunch with African leaders on Wednesday, Trump engaged in a bizarre exchange with the New York Times White House reporter Shawn McCreesh. The day before, when CNN's Kaitlan Collins asked the president who authorised the pause on weapons shipments to Ukraine – at a time when Russia is engaged in a barbarous onslaught, indiscriminately killing civilians – Trump replied, defensively: 'I don't know. Why don't you tell me?' The Pentagon's puer aeternus, Pete Hegseth, was sitting right beside Trump. And reporters soon ferreted out the information that perennial screw-up Hegseth had ordered the pause without telling Trump, Marco Rubio and other top officials. Trump reversed the Pentagon chief, reflecting a belated awareness of the fact that Vladimir Putin is playing him for a fool. Like a spurned lover, he keened that his Russian boyfriend's promises are 'meaningless.' In a follow-up the next day, McCreesh asked Trump if he had figured out who had ordered the munitions to Ukraine halted. When Trump said no, McCreesh pressed him: 'What does it say that such a big decision could be made inside your government without your knowing?' Trump bristled. A jester like Hegseth had kept the king in the dark on a consequential move. 'If a decision was made, I will know,' Trump blustered. 'I'll be the first to know. In fact, most likely I'd give the order, but I haven't done that yet.'