Trump Calls Musk's Formation Of New Party "Ridiculous" And Confusing

Reuters2025-07-07

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Comments

ZhongRenChun
2025-07-07
ZhongRenChun
Musk wants to change the world. Just EV is not enough. We need UBI. I hope UBI will be the policy of America party.
Reglloyd
2025-07-07
Reglloyd
Don't allow your own fears the opportunity of trying to place Mr Musk in a box . Tesla will no doubt once again pull back based on the news of this new American Party Mr Musk intends starting. See this as your opportunity to load some more Tesla shares .... that is if you believe in the Business model.....or not.... either Way Tesla, made up of its many parts will over time provide you with its True value.... remember Its taken Tesla 10 years to acquire data for its long awaited Unsupervised FSD , and this has only just launched. The noise provides Investors the time and unique opportunity of aquiring more Tesla shares as the price has in my opinion increased far to quickly on the News of the UFSD launch. It's perfect timing. Mr Musk has already unlocked much value for Tesla holders,
neo26000
2025-07-07
neo26000
And Trump tariiffs are perfectly not ridiculous or confusing [Tongue] [LOL] [Smug]
Toffeeme
2025-07-07
Toffeeme
Cannot see Elon would really pursuing that. He's trying to do anything just get Trump to discuss. Now the BBB has passed. Trump holds the cards. A lot of unknowns surrounding Tesla.
Brother272005
2025-07-07
Brother272005
Musk party will be shining if both party voting is balance, so if musk party vote for the party, the party can win.
Guavaxf3006
2025-07-07
Guavaxf3006
Way to go Elon. What a great way to reward your supporters and shareholders. Destroy all their hard earned savings.

Leave a comment

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We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BSNM7G36.USD","symbol_name":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250706:nL1N3T302Y:1","article_id":"2549937360","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549937360","pubTimestamp":1751846459,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4555":"新能源车","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","TSLL":"2倍做多TSLA ETF-Direxion","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - 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President Donald Trump called Elon Musk's plans to form a new political party \"ridiculous,\" saying Musk could have fun with his new project but that the United States functions best under a two-party system.Tesla shares dropped 6% in overnight trading.A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, New Jersey, as he returned to Washington upon visiting his nearby golf club.\"I think it's ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system, and I think starting a third party just adds to confusion,\" Trump told reporters. \"It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it's ridiculous.\"Musk announced on Saturday that he is establishing the \"America Party\" in response to Trump's tax-cut and spending bill, which Musk said would bankrupt the country.In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk's electric automaker Tesla TSLA.O, said it was delaying the venture because the party's creation posed \"a conflict with his full-time responsibilities as CEO.\"Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year's midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the \"big, beautiful bill.\"Speaking on the CNN program \"State of the Union\" on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk's companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.\"I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,\" Bessent said.Musk spent millions of dollars underwriting Trump's 2024 re-election effort and, for a time, regularly showed up at the president's side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.INVESTOR REBUKEMusk's announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.\"I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,\" Fishback said.On Sunday, Fishback added on X, \"Elon left us with no other choice.\"The Democratic Party appeared to welcome the rift between Trump and Musk.“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,\" said Abhi Rahman, a spokesperson for the Democratic National Committee. \"Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.\"","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":true,"code":"91000000","status":"200"},"commentList":[{"id":454075445731656,"gmtCreate":1751888658881,"gmtModify":1751888663666,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/626c9b2d6a6580aa7acb2f7bf1552413","vip":1,"hat":"https://static.tigerbbs.com/306aa047bc14b6942cda1aed925cf8c3","crmLevel":11,"crmLevelSwitch":1,"idStr":"4142648172044492","authorIdStr":"4142648172044492"},"htmlText":"Musk wants to change the world. Just EV is not enough.&nbsp; &nbsp;We need UBI.&nbsp; I hope UBI will be the policy of America party.","listText":"Musk wants to change the world. Just EV is not enough.&nbsp; &nbsp;We need UBI.&nbsp; I hope UBI will be the policy of America party.","text":"Musk wants to change the world. Just EV is not enough. We need UBI. I hope UBI will be the policy of America party.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/454075445731656","repostId":2549937360,"repostType":2,"repost":{"id":"2549937360","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1751846459,"share":"https://ttm.financial/m/news/2549937360?lang=en_US&edition=fundamental","pubTime":"2025-07-07 08:00","market":"nz","language":"en","title":"Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing","url":"https://stock-news.laohu8.com/highlight/detail?id=2549937360","media":"Reuters","summary":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays...","content":"<html><head></head><body><ul style=\"\"><li><p>In his feud with Trump, Musk announces &#34;America Party&#34;</p></li><li><p>Musk plans challenges to Republican incumbents</p></li><li><p>Trump calls third party &#34;ridiculous,&#34; says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-07 08:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>In his feud with Trump, Musk announces &#34;America Party&#34;</p></li><li><p>Musk plans challenges to Republican incumbents</p></li><li><p>Trump calls third party &#34;ridiculous,&#34; says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4555":"新能源车","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","TSLL":"2倍做多TSLA ETF-Direxion","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0823411888.USD":"法巴消费创新基金 Cap","TSLQ":"2倍做空TSLA ETF-Tradr","BK4550":"红杉资本持仓","BK4588":"碎股","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4551":"寇图资本持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4598":"佩洛西持仓","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","BK4604":"机器人概念","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4543":"AI","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","TSLA":"特斯拉","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4511":"特斯拉概念","BK4585":"ETF&股票定投概念"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250706:nL1N3T302Y:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2549937360","content_text":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays launch of Tesla ETFWASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk's plans to form a new political party \"ridiculous,\" saying Musk could have fun with his new project but that the United States functions best under a two-party system.Tesla shares dropped 6% in overnight trading.A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, New Jersey, as he returned to Washington upon visiting his nearby golf club.\"I think it's ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system, and I think starting a third party just adds to confusion,\" Trump told reporters. \"It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it's ridiculous.\"Musk announced on Saturday that he is establishing the \"America Party\" in response to Trump's tax-cut and spending bill, which Musk said would bankrupt the country.In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk's electric automaker Tesla TSLA.O, said it was delaying the venture because the party's creation posed \"a conflict with his full-time responsibilities as CEO.\"Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year's midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the \"big, beautiful bill.\"Speaking on the CNN program \"State of the Union\" on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk's companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.\"I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,\" Bessent said.Musk spent millions of dollars underwriting Trump's 2024 re-election effort and, for a time, regularly showed up at the president's side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.INVESTOR REBUKEMusk's announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.\"I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,\" Fishback said.On Sunday, Fishback added on X, \"Elon left us with no other choice.\"The Democratic Party appeared to welcome the rift between Trump and Musk.“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,\" said Abhi Rahman, a spokesperson for the Democratic National Committee. \"Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.\"","news_type":1,"symbols_score_info":{"TSLQ":0.6,"TSLL":1.1,"TSLA":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":453993883955720,"gmtCreate":1751860815376,"gmtModify":1751864665240,"author":{"id":"4189136748353782","authorId":"4189136748353782","name":"Reglloyd","avatar":"https://community-static.tradeup.com/news/71917acef5ce8717b38e7f29252bca57","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"4189136748353782","authorIdStr":"4189136748353782"},"htmlText":"Don't allow your own fears the opportunity of trying to place Mr Musk in a box . Tesla will no doubt once again pull back based on the news of this new American Party Mr Musk intends starting. See this as your opportunity to load some more Tesla shares .... that is if you believe in the Business model.....or not.... either Way Tesla, made up of its many parts will over time provide you with its True value.... remember Its taken Tesla 10 years to acquire data for its long awaited Unsupervised FSD , and this has only just launched.&nbsp; The noise provides Investors the time and unique opportunity of aquiring more Tesla shares as the price has in my opinion increased far to quickly on the News of the UFSD launch. It's perfect timing. Mr Musk has already unlocked much value for Tesla holders,","listText":"Don't allow your own fears the opportunity of trying to place Mr Musk in a box . Tesla will no doubt once again pull back based on the news of this new American Party Mr Musk intends starting. See this as your opportunity to load some more Tesla shares .... that is if you believe in the Business model.....or not.... either Way Tesla, made up of its many parts will over time provide you with its True value.... remember Its taken Tesla 10 years to acquire data for its long awaited Unsupervised FSD , and this has only just launched.&nbsp; The noise provides Investors the time and unique opportunity of aquiring more Tesla shares as the price has in my opinion increased far to quickly on the News of the UFSD launch. It's perfect timing. Mr Musk has already unlocked much value for Tesla holders,","text":"Don't allow your own fears the opportunity of trying to place Mr Musk in a box . Tesla will no doubt once again pull back based on the news of this new American Party Mr Musk intends starting. See this as your opportunity to load some more Tesla shares .... that is if you believe in the Business model.....or not.... either Way Tesla, made up of its many parts will over time provide you with its True value.... remember Its taken Tesla 10 years to acquire data for its long awaited Unsupervised FSD , and this has only just launched. The noise provides Investors the time and unique opportunity of aquiring more Tesla shares as the price has in my opinion increased far to quickly on the News of the UFSD launch. It's perfect timing. Mr Musk has already unlocked much value for Tesla holders,","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/453993883955720","repostId":2549937360,"repostType":4,"repost":{"id":"2549937360","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1751846459,"share":"https://ttm.financial/m/news/2549937360?lang=en_US&edition=fundamental","pubTime":"2025-07-07 08:00","market":"nz","language":"en","title":"Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing","url":"https://stock-news.laohu8.com/highlight/detail?id=2549937360","media":"Reuters","summary":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays...","content":"<html><head></head><body><ul style=\"\"><li><p>In his feud with Trump, Musk announces &#34;America Party&#34;</p></li><li><p>Musk plans challenges to Republican incumbents</p></li><li><p>Trump calls third party &#34;ridiculous,&#34; says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-07 08:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>In his feud with Trump, Musk announces &#34;America Party&#34;</p></li><li><p>Musk plans challenges to Republican incumbents</p></li><li><p>Trump calls third party &#34;ridiculous,&#34; says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4555":"新能源车","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","TSLL":"2倍做多TSLA ETF-Direxion","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0823411888.USD":"法巴消费创新基金 Cap","TSLQ":"2倍做空TSLA ETF-Tradr","BK4550":"红杉资本持仓","BK4588":"碎股","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4551":"寇图资本持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4598":"佩洛西持仓","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","BK4604":"机器人概念","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4543":"AI","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","TSLA":"特斯拉","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4511":"特斯拉概念","BK4585":"ETF&股票定投概念"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250706:nL1N3T302Y:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2549937360","content_text":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays launch of Tesla ETFWASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk's plans to form a new political party \"ridiculous,\" saying Musk could have fun with his new project but that the United States functions best under a two-party system.Tesla shares dropped 6% in overnight trading.A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, New Jersey, as he returned to Washington upon visiting his nearby golf club.\"I think it's ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system, and I think starting a third party just adds to confusion,\" Trump told reporters. \"It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it's ridiculous.\"Musk announced on Saturday that he is establishing the \"America Party\" in response to Trump's tax-cut and spending bill, which Musk said would bankrupt the country.In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk's electric automaker Tesla TSLA.O, said it was delaying the venture because the party's creation posed \"a conflict with his full-time responsibilities as CEO.\"Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year's midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the \"big, beautiful bill.\"Speaking on the CNN program \"State of the Union\" on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk's companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.\"I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,\" Bessent said.Musk spent millions of dollars underwriting Trump's 2024 re-election effort and, for a time, regularly showed up at the president's side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.INVESTOR REBUKEMusk's announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.\"I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,\" Fishback said.On Sunday, Fishback added on X, \"Elon left us with no other choice.\"The Democratic Party appeared to welcome the rift between Trump and Musk.“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,\" said Abhi Rahman, a spokesperson for the Democratic National Committee. \"Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.\"","news_type":1,"symbols_score_info":{"TSLQ":0.6,"TSLL":1.1,"TSLA":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":453945582412112,"gmtCreate":1751848749046,"gmtModify":1751852935055,"author":{"id":"4131703342800552","authorId":"4131703342800552","name":"neo26000","avatar":"https://community-static.tradeup.com/news/11d50ec0d6202770a8629aa7f06a5d4f","vip":1,"hat":"https://static.tigerbbs.com/f3e7f6253c885de8bad6403055b76aab","crmLevel":12,"crmLevelSwitch":1,"idStr":"4131703342800552","authorIdStr":"4131703342800552"},"htmlText":"And Trump tariiffs are perfectly not ridiculous or confusing&nbsp;[Tongue]&nbsp;&nbsp;[LOL]&nbsp;&nbsp;[Smug]&nbsp;&nbsp;","listText":"And Trump tariiffs are perfectly not ridiculous or confusing&nbsp;[Tongue]&nbsp;&nbsp;[LOL]&nbsp;&nbsp;[Smug]&nbsp;&nbsp;","text":"And Trump tariiffs are perfectly not ridiculous or confusing [Tongue] [LOL] [Smug]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/453945582412112","repostId":2549937360,"repostType":4,"repost":{"id":"2549937360","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1751846459,"share":"https://ttm.financial/m/news/2549937360?lang=en_US&edition=fundamental","pubTime":"2025-07-07 08:00","market":"nz","language":"en","title":"Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing","url":"https://stock-news.laohu8.com/highlight/detail?id=2549937360","media":"Reuters","summary":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays...","content":"<html><head></head><body><ul style=\"\"><li><p>In his feud with Trump, Musk announces &#34;America Party&#34;</p></li><li><p>Musk plans challenges to Republican incumbents</p></li><li><p>Trump calls third party &#34;ridiculous,&#34; says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-07 08:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>In his feud with Trump, Musk announces &#34;America Party&#34;</p></li><li><p>Musk plans challenges to Republican incumbents</p></li><li><p>Trump calls third party &#34;ridiculous,&#34; says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4555":"新能源车","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","TSLL":"2倍做多TSLA ETF-Direxion","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0823411888.USD":"法巴消费创新基金 Cap","TSLQ":"2倍做空TSLA ETF-Tradr","BK4550":"红杉资本持仓","BK4588":"碎股","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4551":"寇图资本持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4598":"佩洛西持仓","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","BK4604":"机器人概念","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4543":"AI","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","TSLA":"特斯拉","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4511":"特斯拉概念","BK4585":"ETF&股票定投概念"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250706:nL1N3T302Y:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2549937360","content_text":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays launch of Tesla ETFWASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk's plans to form a new political party \"ridiculous,\" saying Musk could have fun with his new project but that the United States functions best under a two-party system.Tesla shares dropped 6% in overnight trading.A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, New Jersey, as he returned to Washington upon visiting his nearby golf club.\"I think it's ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system, and I think starting a third party just adds to confusion,\" Trump told reporters. \"It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it's ridiculous.\"Musk announced on Saturday that he is establishing the \"America Party\" in response to Trump's tax-cut and spending bill, which Musk said would bankrupt the country.In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk's electric automaker Tesla TSLA.O, said it was delaying the venture because the party's creation posed \"a conflict with his full-time responsibilities as CEO.\"Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year's midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the \"big, beautiful bill.\"Speaking on the CNN program \"State of the Union\" on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk's companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.\"I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,\" Bessent said.Musk spent millions of dollars underwriting Trump's 2024 re-election effort and, for a time, regularly showed up at the president's side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.INVESTOR REBUKEMusk's announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.\"I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,\" Fishback said.On Sunday, Fishback added on X, \"Elon left us with no other choice.\"The Democratic Party appeared to welcome the rift between Trump and Musk.“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,\" said Abhi Rahman, a spokesperson for the Democratic National Committee. \"Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.\"","news_type":1,"symbols_score_info":{"TSLQ":0.6,"TSLL":1.1,"TSLA":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":453945327718776,"gmtCreate":1751848687457,"gmtModify":1751852934335,"author":{"id":"4112259016027962","authorId":"4112259016027962","name":"Toffeeme","avatar":"https://community-static.tradeup.com/news/22c91abe8a426f1a684ddadfdc6b071e","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"4112259016027962","authorIdStr":"4112259016027962"},"htmlText":"Cannot see Elon would really pursuing that. He's trying to do anything just get Trump to discuss. Now the BBB has passed. Trump holds the cards. A lot of unknowns surrounding Tesla.&nbsp;","listText":"Cannot see Elon would really pursuing that. He's trying to do anything just get Trump to discuss. Now the BBB has passed. Trump holds the cards. A lot of unknowns surrounding Tesla.&nbsp;","text":"Cannot see Elon would really pursuing that. He's trying to do anything just get Trump to discuss. Now the BBB has passed. Trump holds the cards. A lot of unknowns surrounding Tesla.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/453945327718776","repostId":2549937360,"repostType":4,"repost":{"id":"2549937360","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1751846459,"share":"https://ttm.financial/m/news/2549937360?lang=en_US&edition=fundamental","pubTime":"2025-07-07 08:00","market":"nz","language":"en","title":"Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing","url":"https://stock-news.laohu8.com/highlight/detail?id=2549937360","media":"Reuters","summary":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays...","content":"<html><head></head><body><ul style=\"\"><li><p>In his feud with Trump, Musk announces &#34;America Party&#34;</p></li><li><p>Musk plans challenges to Republican incumbents</p></li><li><p>Trump calls third party &#34;ridiculous,&#34; says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-07 08:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>In his feud with Trump, Musk announces &#34;America Party&#34;</p></li><li><p>Musk plans challenges to Republican incumbents</p></li><li><p>Trump calls third party &#34;ridiculous,&#34; says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4555":"新能源车","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","TSLL":"2倍做多TSLA ETF-Direxion","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0823411888.USD":"法巴消费创新基金 Cap","TSLQ":"2倍做空TSLA ETF-Tradr","BK4550":"红杉资本持仓","BK4588":"碎股","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4551":"寇图资本持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4598":"佩洛西持仓","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","BK4604":"机器人概念","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4543":"AI","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","TSLA":"特斯拉","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4511":"特斯拉概念","BK4585":"ETF&股票定投概念"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250706:nL1N3T302Y:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2549937360","content_text":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays launch of Tesla ETFWASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk's plans to form a new political party \"ridiculous,\" saying Musk could have fun with his new project but that the United States functions best under a two-party system.Tesla shares dropped 6% in overnight trading.A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, New Jersey, as he returned to Washington upon visiting his nearby golf club.\"I think it's ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system, and I think starting a third party just adds to confusion,\" Trump told reporters. \"It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it's ridiculous.\"Musk announced on Saturday that he is establishing the \"America Party\" in response to Trump's tax-cut and spending bill, which Musk said would bankrupt the country.In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk's electric automaker Tesla TSLA.O, said it was delaying the venture because the party's creation posed \"a conflict with his full-time responsibilities as CEO.\"Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year's midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the \"big, beautiful bill.\"Speaking on the CNN program \"State of the Union\" on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk's companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.\"I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,\" Bessent said.Musk spent millions of dollars underwriting Trump's 2024 re-election effort and, for a time, regularly showed up at the president's side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.INVESTOR REBUKEMusk's announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.\"I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,\" Fishback said.On Sunday, Fishback added on X, \"Elon left us with no other choice.\"The Democratic Party appeared to welcome the rift between Trump and Musk.“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,\" said Abhi Rahman, a spokesperson for the Democratic National Committee. \"Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.\"","news_type":1,"symbols_score_info":{"TSLQ":0.6,"TSLL":1.1,"TSLA":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":453945872093688,"gmtCreate":1751848535580,"gmtModify":1751852940826,"author":{"id":"4111796805454312","authorId":"4111796805454312","name":"Brother272005","avatar":"https://community-static.tradeup.com/news/98eb4eb68d1bd2120f5c4a6cc2f9156e","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"4111796805454312","authorIdStr":"4111796805454312"},"htmlText":"Musk party will be shining if both party voting is balance, so if musk party vote for the party, the party can win.&nbsp;","listText":"Musk party will be shining if both party voting is balance, so if musk party vote for the party, the party can win.&nbsp;","text":"Musk party will be shining if both party voting is balance, so if musk party vote for the party, the party can win.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/453945872093688","repostId":2549937360,"repostType":2,"repost":{"id":"2549937360","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1751846459,"share":"https://ttm.financial/m/news/2549937360?lang=en_US&edition=fundamental","pubTime":"2025-07-07 08:00","market":"nz","language":"en","title":"Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing","url":"https://stock-news.laohu8.com/highlight/detail?id=2549937360","media":"Reuters","summary":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays...","content":"<html><head></head><body><ul style=\"\"><li><p>In his feud with Trump, Musk announces &#34;America Party&#34;</p></li><li><p>Musk plans challenges to Republican incumbents</p></li><li><p>Trump calls third party &#34;ridiculous,&#34; says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-07 08:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>In his feud with Trump, Musk announces &#34;America Party&#34;</p></li><li><p>Musk plans challenges to Republican incumbents</p></li><li><p>Trump calls third party &#34;ridiculous,&#34; says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4555":"新能源车","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","TSLL":"2倍做多TSLA ETF-Direxion","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0823411888.USD":"法巴消费创新基金 Cap","TSLQ":"2倍做空TSLA ETF-Tradr","BK4550":"红杉资本持仓","BK4588":"碎股","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4551":"寇图资本持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4598":"佩洛西持仓","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","BK4604":"机器人概念","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4543":"AI","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","TSLA":"特斯拉","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4511":"特斯拉概念","BK4585":"ETF&股票定投概念"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250706:nL1N3T302Y:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2549937360","content_text":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays launch of Tesla ETFWASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk's plans to form a new political party \"ridiculous,\" saying Musk could have fun with his new project but that the United States functions best under a two-party system.Tesla shares dropped 6% in overnight trading.A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, New Jersey, as he returned to Washington upon visiting his nearby golf club.\"I think it's ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system, and I think starting a third party just adds to confusion,\" Trump told reporters. \"It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it's ridiculous.\"Musk announced on Saturday that he is establishing the \"America Party\" in response to Trump's tax-cut and spending bill, which Musk said would bankrupt the country.In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk's electric automaker Tesla TSLA.O, said it was delaying the venture because the party's creation posed \"a conflict with his full-time responsibilities as CEO.\"Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year's midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the \"big, beautiful bill.\"Speaking on the CNN program \"State of the Union\" on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk's companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.\"I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,\" Bessent said.Musk spent millions of dollars underwriting Trump's 2024 re-election effort and, for a time, regularly showed up at the president's side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.INVESTOR REBUKEMusk's announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.\"I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,\" Fishback said.On Sunday, Fishback added on X, \"Elon left us with no other choice.\"The Democratic Party appeared to welcome the rift between Trump and Musk.“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,\" said Abhi Rahman, a spokesperson for the Democratic National Committee. \"Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.\"","news_type":1,"symbols_score_info":{"TSLQ":0.6,"TSLL":1.1,"TSLA":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":453944299897504,"gmtCreate":1751848154633,"gmtModify":1751848158575,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf3006","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3576140222331577","authorIdStr":"3576140222331577"},"htmlText":"Way to go Elon. What a great way to reward your supporters and shareholders. Destroy all their hard earned savings.","listText":"Way to go Elon. What a great way to reward your supporters and shareholders. Destroy all their hard earned savings.","text":"Way to go Elon. What a great way to reward your supporters and shareholders. Destroy all their hard earned savings.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/453944299897504","repostId":2549937360,"repostType":2,"repost":{"id":"2549937360","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1751846459,"share":"https://ttm.financial/m/news/2549937360?lang=en_US&edition=fundamental","pubTime":"2025-07-07 08:00","market":"nz","language":"en","title":"Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing","url":"https://stock-news.laohu8.com/highlight/detail?id=2549937360","media":"Reuters","summary":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays...","content":"<html><head></head><body><ul style=\"\"><li><p>In his feud with Trump, Musk announces &#34;America Party&#34;</p></li><li><p>Musk plans challenges to Republican incumbents</p></li><li><p>Trump calls third party &#34;ridiculous,&#34; says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Calls Musk's Formation Of New Party \"Ridiculous\" And Confusing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-07 08:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>In his feud with Trump, Musk announces &#34;America Party&#34;</p></li><li><p>Musk plans challenges to Republican incumbents</p></li><li><p>Trump calls third party &#34;ridiculous,&#34; says US is built for two-party system</p></li><li><p>Investment firm delays launch of Tesla ETF</p></li></ul><p>WASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk&#39;s plans to form a new political party &#34;ridiculous,&#34; saying Musk could have fun with his new project but that the United States functions best under a two-party system.</p><p>Tesla shares dropped 6% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2950d40ce70765dab96522faff49ca3d\" tg-width=\"811\" tg-height=\"828\"/></p><p>A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>, as he returned to Washington upon visiting his nearby golf club.</p><p>&#34;I think it&#39;s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it&#39;s always been a two-party system, and I think starting a third party just adds to confusion,&#34; Trump told reporters. &#34;It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it&#39;s ridiculous.&#34;</p><p>Musk announced on Saturday that he is establishing the &#34;America Party&#34; in response to Trump&#39;s tax-cut and spending bill, which Musk said would bankrupt the country.</p><p>In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk&#39;s electric automaker Tesla TSLA.O, said it was delaying the venture because the party&#39;s creation posed &#34;a conflict with his full-time responsibilities as CEO.&#34;</p><p>Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year&#39;s midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the &#34;big, beautiful bill.&#34;</p><p>Speaking on the CNN program &#34;State of the Union&#34; on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk&#39;s companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.</p><p>&#34;I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,&#34; Bessent said.</p><p>Musk spent millions of dollars underwriting Trump&#39;s 2024 re-election effort and, for a time, regularly showed up at the president&#39;s side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.</p><p>The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.</p><p>Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.</p><h2 id=\"id_1853105004\">INVESTOR REBUKE</h2><p>Musk&#39;s announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.</p><p>Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.</p><p>&#34;I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,&#34; Fishback said.</p><p>On Sunday, Fishback added on X, &#34;Elon left us with no other choice.&#34;</p><p>The Democratic Party appeared to welcome the rift between Trump and Musk.</p><p>“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,&#34; said Abhi Rahman, a spokesperson for the Democratic National Committee. &#34;Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4555":"新能源车","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","TSLL":"2倍做多TSLA ETF-Direxion","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0823411888.USD":"法巴消费创新基金 Cap","TSLQ":"2倍做空TSLA ETF-Tradr","BK4550":"红杉资本持仓","BK4588":"碎股","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4551":"寇图资本持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4598":"佩洛西持仓","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","BK4604":"机器人概念","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4543":"AI","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","TSLA":"特斯拉","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4511":"特斯拉概念","BK4585":"ETF&股票定投概念"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250706:nL1N3T302Y:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2549937360","content_text":"In his feud with Trump, Musk announces \"America Party\"Musk plans challenges to Republican incumbentsTrump calls third party \"ridiculous,\" says US is built for two-party systemInvestment firm delays launch of Tesla ETFWASHINGTON, July 6 (Reuters) - President Donald Trump called Elon Musk's plans to form a new political party \"ridiculous,\" saying Musk could have fun with his new project but that the United States functions best under a two-party system.Tesla shares dropped 6% in overnight trading.A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, New Jersey, as he returned to Washington upon visiting his nearby golf club.\"I think it's ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system, and I think starting a third party just adds to confusion,\" Trump told reporters. \"It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it's ridiculous.\"Musk announced on Saturday that he is establishing the \"America Party\" in response to Trump's tax-cut and spending bill, which Musk said would bankrupt the country.In response, investment firm Azoria Partners, which had planned to launch a fund tied to Musk's electric automaker Tesla TSLA.O, said it was delaying the venture because the party's creation posed \"a conflict with his full-time responsibilities as CEO.\"Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year's midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the \"big, beautiful bill.\"Speaking on the CNN program \"State of the Union\" on Sunday, Treasury Secretary Scott Bessent said the boards of directors at Musk's companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.\"I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities,\" Bessent said.Musk spent millions of dollars underwriting Trump's 2024 re-election effort and, for a time, regularly showed up at the president's side in the White House Oval Office and elsewhere. Their disagreement over the spending bill led to a falling out that Musk briefly tried unsuccessfully to repair.The bill, which cuts taxes and ramps up spending on defense and border security, passed last week on party-line votes in both chambers of Congress. Critics have said it will damage the U.S. economy by significantly adding to the federal budget deficit.Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla’s electric vehicles. The president has threatened to pull billions of dollars Tesla and SpaceX receive in government contracts and subsidies in response to Musk’s criticism.INVESTOR REBUKEMusk's announcement of a new party immediately brought a rebuke from Azoria Partners, which said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund. Azoria was set to launch the Tesla ETF this week.Azoria CEO James Fishback posted on X several critical comments about the new party and reiterated his support for Trump.\"I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,\" Fishback said.On Sunday, Fishback added on X, \"Elon left us with no other choice.\"The Democratic Party appeared to welcome the rift between Trump and Musk.“Trump’s MAGA party is splitting at the seams in the wake of his nightmare budget bill,\" said Abhi Rahman, a spokesperson for the Democratic National Committee. \"Republicans are waking up and facing the reality that they just signed their own pink slips, and are desperate for someone else to blame.\"","news_type":1,"symbols_score_info":{"TSLQ":0.6,"TSLL":1.1,"TSLA":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":25,"commentSize":9,"repostSize":8,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2549937360","isCrawlerRequest":true}