Elon Musk launched the "America Party" Saturday, calling for an end to the “uniparty" system after President Donald Trump signed the "big, beautiful bill" into law.

Whitman thought her wealth could buy the governorship of California in 2010. Of her $1.5 billion net worth that year, she blew $177 million on her campaign. Rival Jerry Brown spent just $36 million and crushed her, 53.8% to 40.9%. Her 4.1 million votes cost $43 per vote. His 5.4 million votes cost just $7 per vote, one-sixth as much.

July 7–8, 2025: The first trading day since Musk’s weekend announcement, Tesla shares tumbled, and Musk’s personal fortune dropped by as much as $15 billion, according to the Bloomberg Billionaires Index. As of July 9, it stands at $349 billion with Tesla shares broadly unchanged.

U.S. President Donald Trump has strongly criticized Elon Musk’s announcement to launch a new political party, calling the idea “ridiculous” and “confusing.” Trump Rejects Musk’s Bold Political Move Trump’s comments followed Musk’s announcement that the “America Party” had been formed in response to Trump’s recently passed spending and tax cut measure.

Tesla shares sank Monday after CEO Elon Musk announced he would form a new political party in an escalation of his feud with President Donald Trump.

President Donald Trump and Elon Musk are trading public insults after the Tesla billionaire suggested he'll create a new political party, "America Party."