Donald Trump fell in love with Elon Musk when the richest man in the world bankrolled his reelection campaign. Then he fell out of love with Musk when the tech titan openly criticized his ‘Big Beautiful Bill.

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the president’s sweeping tax cuts law.

Dan Ives, an analyst with Wedbush Securities, wrote that Musk's continued push into politics is "exactly the opposite direction" investors want to see.