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.

In order for Musk’s proposed America Party to formally become a national political party, the FEC must issue an advisory opinion approving the party.

Andrew Yang , former 2020 presidential candidate and founder of the Forward Party, told Politico “I’m excited for anyone who wants to move on from the duopoly, and I’m happy to help give

CNN ’s chief data analyst Harry Enten on Monday smacked down billionaire Elon Musk ’s proposal to form his own political party. “This entire thing makes very little sense to me. It makes about as much sense as selling sand in the desert,” said Enten of the former White House official’s plan.

Billionaire Elon Musk indicated Tuesday that releasing files related to convicted sex trafficker Jeffrey Epstein will be a major goal for his third party. President Donald Trump and his administration confirmed Tuesday it had finished its investigation into Epstein,