Elon Musk has launched the 'America Party' to oppose Trump’s fiscal policies, naming Scott Bessent as financial lead. The move shakes up politics and raises concerns about Musk’s business focus.

The world's richest man's latest political activities prompted a brutal sell-off of Tesla stock as investors question his focus on the company.

The billionaire continued to criticize the GOP and appeared to take shots at the president after he mocked the idea of Musk creating a third-party in the U.S.