Elon Musk launched the "America Party" Saturday, calling for an end to the “uniparty" system after President Donald Trump signed the "big, beautiful bill" into law.

Though Trump and Musk are on the outs, workers with longstanding ties to the Tesla billionaire remain embedded in the government.

Susie Wiles said it was "not a good ending" for Musk's time in the White House, but she enjoyed working with him overall.

July 7–8, 2025: The first trading day since Musk’s weekend announcement, Tesla shares tumbled, and Musk’s personal fortune dropped by as much as $15 billion, according to the Bloomberg Billionaires Index. As of July 9, it stands at $349 billion with Tesla shares broadly unchanged.

WASHINGTON (AP) — Elon Musk on Saturday doubled down on his distaste for President Donald Trump’s sprawling tax and spending cuts bill, arguing the legislation that Republican senators are scrambling to pass would kill jobs and bog down burgeoning industries.

Elon Musk has roasted his fair share of billionaires, but his ongoing feud with Bill Gates might be the pettiest — and most expensive — of them all. According to Musk, the Microsoft co-founder didn't just short Tesla stock behind his back — he allegedly tried to profit off the company's collapse.

Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future,” Musk concluded.

President Donald Trump on Tuesday did not rule out deporting his former top ally Elon Musk over his criticism of his “big, beautiful bill” as their once-close relationship continues to go downhill. Related: Donald Trump And Tucker Carlson Are Feuding, And Today It Escalated Even More

President Trump said Elon Musk's new third party is "good for me" but maybe not for other Republicans during a press conference.