Elon Musk formed the America party earlier this month in response to President Donald Trump’s leadership and his controversial "Big Beautiful Bill."

By Joel Jose and Arsheeya Bajwa (Reuters) -Tesla shares fell nearly 8% on Monday after CEO Elon Musk's plans to launch a new U.S. political party reignited concerns about his commitment to the company's future as it struggles with declining sales.

The billionaire continued to criticize the GOP and appeared to take shots at the president after he mocked the idea of Musk creating a third-party in the U.S.

Elon Musk made it unofficially official Saturday night — launching the "America Party" in response to a Trump bill he says is stuffed with "waste and graft." The post Elon Musk Launches ‘America Party’ With Wild String Of X Posts — Trashes Trump’s Bill for ‘Bankrupting Our Country’ first appeared on Mediaite.