Elon Musk Vows to Back Trump's Nemesis as Their Feud Explodes

Elon Musk and Donald Trump's public spat over Trump's "One Big Beautiful" spending bill has reignited as negotiations continue in the Senate. Musk, who previously pumped nearly $300 million into Trump's 2024 White House bid, has now vowed to help form a third political party, dubbed the America Party, if Trump's spending bill gets passed. Musk has also pledged to support Rep. Thomas Massie's re-election campaign, as Trump seeks to oust the congressman from office.

Key Takeaways:

Musk has promised to donate to Rep. Thomas Massie's re-election campaign, as the Kentucky Republican faces down Trump's wrath.
Massie has long been a thorn in Trump's side, frequently voting against his legislative priorities, including his "One Big Beautiful" spending bill.
Trump's team has launched a new Super PAC, MAGA Kentucky, which has aired attack ads targeting Massie.
Musk has vowed to help form a third political party, dubbed the America Party, if Trump's spending bill gets passed.
Shares in Musk's electric vehicle company Tesla fell more than 5 percent in European premarket trading after Trump's tirade.
Musk stated that Congress members who campaigned on reducing government spending but voted for the biggest debt increase in history "should hang their head in shame" and will "lose their primary next year if it is the last thing I do on this Earth."
Trump fired back at Musk, defending his plan to roll back a Biden-era electric vehicle mandate and implying that Musk is dependent on government subsidies.

Statistics:

Musk pumped nearly $300 million into Trump's 2024 White House bid.
Shares in Tesla fell more than 5 percent in European premarket trading.
Massie has been a frequent opponent of Trump's legislative priorities.
Trump's MAGA Kentucky Super PAC has aired attack ads targeting Massie.

Sources:

https://x.com/elonmusk/status/1939920087877919115
https://www.thedailybeast.com/maga-ad-launches-full-scale-attack-on-renegade-republican/
https://www.politico.com/
https://www.thedailybeast.com/elon-musk-crawls-back-to-donald-trump-by-saying-he-regrets-his-scathing-attacks-went-too-far/
https://www.thedailybeast.com/elon-musk-is-doing-everything-he-can-to-derail-trumps-megabill/
https://www.thedailybeast.com/musks-third-party-ambitions-have-a-surprising-champion-in-andrew-yang/?utm_medium=socialflow&utm_campaign=owned_social&via=twitter_page&utm_source=twitter_owned_tdb
https://x.com/elonmusk/status/1939776586989150590?lctg=338828702
https://www.thedailybeast.com/trump-unleashes-his-most-menacing-threat-to-elon-musk-yet/
https://www.tradegate.de/orderbuch.php?lang=en&isin=US88160R1014