Elon Musk Praises Trump's Negotiating Skills Amid Feud

Latest News

2025-07-07

What Musk’s "America Party" Means for Tesla Stock (Hint: It Isn’t Good)

2025-07-07

Elon Musk Launches “America Party” — Dogecoin Rallies While Tesla Stock Tumbles

2025-07-07

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

User Discussion

ZhongRenChun

2025-07-07

Musk wants to change the world. Just EV is not enough. We need UBI. I hope UBI will be the policy of America party.

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

Reglloyd

2025-07-07

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,

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

neo26000

2025-07-07

And Trump tariiffs are perfectly not ridiculous or confusing [Tongue] [LOL] [Smug]

Sorry, the original content has been removed

Toffeeme

2025-07-07

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.

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

Brother272005

2025-07-07

Musk party will be shining if both party voting is balance, so if musk party vote for the party, the party can win.

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

ICEsh00ter

2025-07-07

I agree with Trump. Elon is a megalomaniac. Tesla shares will crash now that he's severely distracted.

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

MultiBaggers

2025-07-07

The new party will divert a lot of voters away from the Republican Party

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

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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>","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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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":{"LU0097036916.USD":"贝莱德美国增长A2 USD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","BK4551":"寇图资本持仓","BK4598":"佩洛西持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","TSLL":"2倍做多TSLA ETF-Direxion","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","BK4604":"机器人概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4543":"AI","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4511":"特斯拉概念","TSLA":"特斯拉","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4585":"ETF&股票定投概念","TSLQ":"2倍做空TSLA ETF-Tradr","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4588":"碎股","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","BK4550":"红杉资本持仓"},"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":{"TSLL":1.1,"TSLA":0.9,"TSLQ":0.6}},"isVote":1,"tweetType":1,"viewCount":1458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":453993883955720,"gmtCreate":1751860815376,"gmtModify":1751864665240,"author":{"id":"4189136748353782","authorId":"4189136748353782","name":"Reglloyd","avatar":"https://community-static.tradeup.com/news/71917acef5ce8717b38e7f29252bca57","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4189136748353782","idStr":"4189136748353782"},"themes":[],"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; 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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":{"LU0097036916.USD":"贝莱德美国增长A2 USD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","BK4551":"寇图资本持仓","BK4598":"佩洛西持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","TSLL":"2倍做多TSLA ETF-Direxion","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","BK4604":"机器人概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4543":"AI","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4511":"特斯拉概念","TSLA":"特斯拉","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4585":"ETF&股票定投概念","TSLQ":"2倍做空TSLA ETF-Tradr","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4588":"碎股","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","BK4550":"红杉资本持仓"},"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":{"TSLL":1.1,"TSLA":0.9,"TSLQ":0.6}},"isVote":1,"tweetType":1,"viewCount":2183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":453945582412112,"gmtCreate":1751848749046,"gmtModify":1751852935055,"author":{"id":"4131703342800552","authorId":"4131703342800552","name":"neo26000","avatar":"https://community-static.tradeup.com/news/11d50ec0d6202770a8629aa7f06a5d4f","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4131703342800552","idStr":"4131703342800552"},"themes":[],"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,"isVote":1,"tweetType":1,"viewCount":1137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":453945327718776,"gmtCreate":1751848687457,"gmtModify":1751852934335,"author":{"id":"4112259016027962","authorId":"4112259016027962","name":"Toffeeme","avatar":"https://community-static.tradeup.com/news/22c91abe8a426f1a684ddadfdc6b071e","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112259016027962","idStr":"4112259016027962"},"themes":[],"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":{"LU0097036916.USD":"贝莱德美国增长A2 USD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","BK4551":"寇图资本持仓","BK4598":"佩洛西持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","TSLL":"2倍做多TSLA ETF-Direxion","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","BK4604":"机器人概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4543":"AI","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4511":"特斯拉概念","TSLA":"特斯拉","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4585":"ETF&股票定投概念","TSLQ":"2倍做空TSLA ETF-Tradr","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4588":"碎股","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","BK4550":"红杉资本持仓"},"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":{"TSLL":1.1,"TSLA":0.9,"TSLQ":0.6}},"isVote":1,"tweetType":1,"viewCount":1845,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":453945872093688,"gmtCreate":1751848535580,"gmtModify":1751852940826,"author":{"id":"4111796805454312","authorId":"4111796805454312","name":"Brother272005","avatar":"https://community-static.tradeup.com/news/98eb4eb68d1bd2120f5c4a6cc2f9156e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4111796805454312","idStr":"4111796805454312"},"themes":[],"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":{"LU0097036916.USD":"贝莱德美国增长A2 USD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","BK4551":"寇图资本持仓","BK4598":"佩洛西持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","TSLL":"2倍做多TSLA ETF-Direxion","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","BK4604":"机器人概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4543":"AI","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4511":"特斯拉概念","TSLA":"特斯拉","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4585":"ETF&股票定投概念","TSLQ":"2倍做空TSLA ETF-Tradr","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4588":"碎股","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","BK4550":"红杉资本持仓"},"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":{"TSLL":1.1,"TSLA":0.9,"TSLQ":0.6}},"isVote":1,"tweetType":1,"viewCount":1763,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":453937300144432,"gmtCreate":1751846903245,"gmtModify":1751852942774,"author":{"id":"3568262728204718","authorId":"3568262728204718","name":"ICEsh00ter","avatar":"https://static.tigerbbs.com/e8d9d76c266e1d33abd00a525a8a445c","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568262728204718","idStr":"3568262728204718"},"themes":[],"htmlText":"I agree with Trump. Elon is a megalomaniac. Tesla shares will crash now that he's severely distracted.","listText":"I agree with Trump. Elon is a megalomaniac. Tesla shares will crash now that he's severely distracted.","text":"I agree with Trump. Elon is a megalomaniac. Tesla shares will crash now that he's severely distracted.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/453937300144432","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":{"LU0097036916.USD":"贝莱德美国增长A2 USD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","BK4551":"寇图资本持仓","BK4598":"佩洛西持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","TSLL":"2倍做多TSLA ETF-Direxion","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","BK4604":"机器人概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4543":"AI","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4511":"特斯拉概念","TSLA":"特斯拉","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4585":"ETF&股票定投概念","TSLQ":"2倍做空TSLA ETF-Tradr","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4588":"碎股","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","BK4550":"红杉资本持仓"},"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":{"TSLL":1.1,"TSLA":0.9,"TSLQ":0.6}},"isVote":1,"tweetType":1,"viewCount":1102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":453937008828648,"gmtCreate":1751846601133,"gmtModify":1751846605026,"author":{"id":"3554939006845853","authorId":"3554939006845853","name":"MultiBaggers","avatar":"https://static.tigerbbs.com/86270a3d55dc49ab5a1df140d4a7e80d","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3554939006845853","idStr":"3554939006845853"},"themes":[],"htmlText":"The new party will divert a lot of voters away from the Republican Party&nbsp;","listText":"The new party will divert a lot of voters away from the Republican Party&nbsp;","text":"The new party will divert a lot of voters away from the Republican Party","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/453937008828648","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":{"LU0097036916.USD":"贝莱德美国增长A2 USD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","BK4551":"寇图资本持仓","BK4598":"佩洛西持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","TSLL":"2倍做多TSLA ETF-Direxion","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","BK4604":"机器人概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4543":"AI","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4511":"特斯拉概念","TSLA":"特斯拉","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4585":"ETF&股票定投概念","TSLQ":"2倍做空TSLA ETF-Tradr","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4588":"碎股","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","BK4550":"红杉资本持仓"},"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":{"TSLL":1.1,"TSLA":0.9,"TSLQ":0.6}},"isVote":1,"tweetType":1,"viewCount":1910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}