US President Donald Trump broke out on Elon Musk on the truth Social late Sunday after Musk revealed plans for a new political group.
Musk had laid out X July 5th that he wanted to launch “America Party.” Trump fired on July 6 and called the move a sign that Musk has gone “completely” from the rails, “became essentially a “Train wreck” over the past five weeks. “
America Party is facing early questions
According to Musk’s post on July 5, he wants a third option for voters who are tired of the two main parts. Based on reports, he has not yet filed formal paperwork or describes how America Party would win voting access in key states.
With a factor 2 to 1, you want a new political party and you should have it!
When it comes to bankrupting our country with waste and transplants, we live in a one -party system, not a democracy.
Today America Party is formed to give you back your freedom. https://t.co/9K8AD04QQN
– Elon Musk (@elon musk) July 5, 2025
Trump pointed out that third parties have never broken through modern American politics. He also took a shot at the Democrats and said they “lost their trust and their senses” over his latest crypto project.
Source: Truth Social
Musk is pushing back on large expenses
In recent weeks, Musk criticized what he called “Big beautiful count,” A massive expenditure package in Congress. He wrote on X that it was a “disgusting abomination” packed with “pork.”
“Disgusting naughtyness.” That’s it @elon musk described @Realdonald trumpThe flagships domestic political account in a scary series of posts on X.
Musk criticized the bill for being “pork -filled” and warned that it would massively inflate the American budget deficit and proclaim legislators … pic.twitter.com/tu69sjslgq
– Outlook Business (@outlookbusiness) June 4, 2025
Trump replied by reminding Musk that he is planning to end the federal electric vehicle mandate, something Musk probably agreed without complaints. The sweeping suggests a deeper divide on how much the government should control pure energy policy.
Market traders continue to look at
Cryptocurrency prices barely went after Trump’s post. Bitcoin Stays over $ 108,000 and has had that level since the beginning of summer. Dogropa – Memecoin that has been closely associated with Musk – shops close to $ 0.16, which bounces that brand several times over the past 24 hours.
Trump -coin dipped to about $ 8.47 after Trump’s comments and then bounced back when the fans moved it away. Based on reports from crypto analysts, the feud can still add volatility if it draws supervisory authorities or large investors in the battle.
What third parties really need
History shows that building a new party is taking more than surveys on social media. You need grassroots organizers, hundreds of thousands of production signatures and millions in financing.
Musk’s fanbase can help with online surfing, but turning clicks into real voters is another challenge. Trump noted this gap and threw doubts about Musk has a plan in addition to stirring the pot on X.
The next move can mean
It’s still early days. If Musk archives with the Federal Election Commission or named state directors, the story will turn from rumors to reality. And if Trump follows up with threats to withdraw support for Tesla or SpaceX contracts, the markets may begin to pay closer attention.
But at the moment it is mostly a public spit. Both men are used to moving markets, including crypto, with a single tweet or mail, but so far none of the pages have shown a playlist that would really change the game.
Image from nine, charts from tradingview
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