Elon Musk, America
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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, which will allow the entity to raise and spend money at the federal level.
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.