Musk, the CEO of Tesla and US president Donald Trump, have been growing apart since Elon Musk launched his independent America Party on July 5, a party that is supposedly focused around Bitcoin and centrist politics.
Congress’ passage of the Trump Administration’s One Big Beautiful Bill Act, a controversial bill that has been criticized by many in Washington, prompted this decision. Musk said that the bill is in direct opposition to the Trump administration’s first attempts to reduce government spending.
There has not yet been a formal congress of the America Party or a platform released. Musk made some vague statements about a party that supports centrism and deregulation. It also stated support for Bitcoin.BTC).
What hope does Tesla’s founder have to end the two-party political system?
Is the America Party of Musk really pro Bitcoin?
Trump’s “Big Beautiful Bill” Introduced several controversial economic changes. Namely, it raised the federal debt ceiling — the amount of money the government is allowed to borrow — by $5 trillion. This bill also included several tax incentives that would benefit mainly the top one percent.
This bill would cover this loss of revenue by increasing borrowing and cutting social programs like the Supplemental Nutrition Assistance Program and Medicaid, and raising tariffs for foreign products. This bill reduced benefits and investments in renewable energy, electric vehicles, and other forms of alternative and green energy.
Related: Bitcoin to benefit from Trump’s ‘Big Beautiful Bill,’ analysts predict
Musk and his critics did not share this view. It was decided by the CEO of tech that it was time for Musk to form his own party.
Musk’s America Party made waves, even elicited Trump said the following: “I think it’s ridiculous to start a third party […] it’s always been a two-party system, and I think starting a third party just adds to confusion.”
The party’s platform is still vague. Musk said that the party would support Bitcoin.
Musk says that the party’s values will extend beyond crypto. He also claims to be a supporter of centrist values, and reduced spending by government. However, these statements are equally vague as the promise he made about Bitcoin.
Tesla Owners Silicon Valley, a Tesla-fan group, has posted suggestions on what the party’s platform might look like. The “platform” included The goal to reduce debt is a good one, but it’s also important that the military be upgraded with AI and robots.
Also, it suggested promoting freedom of speech and free energy sectors. “pro-natalism,” A movement focused on the global low birth rates.
No official website or entity has been established as yet. Musk is a entrepreneur. asked Followers on X, where the first America Party Congress is to take place.
The success of third parties is not very high
Musk is not the only person to have thought of creating a new party for American politics.
In American history there have been many third parties, from the Populist Party at the end of the 19th century up to the Progressive Party in the beginning of the 20th. It was not Musk’s America Party but the American Party. In 1968, segregationist George Wallace won five states during presidential elections.
Andrew Yang, a former US presidential candidate and businessman from the United States, has recently tried to end this political monopoly by launching his pro-crypto and centrist Forward Party. Yang had floated Crypto as a means of distribution of universal basic income.
Musk is not expected to be more successful than any other party in expanding the two-party political system.
Related: Has Bitcoin been captured by politics and institutions?
Collin Anderson is a clinical assistant professor of Political Science at University at Buffalo College of Arts and Sciences. said, “It would be extremely unlikely for a new major party to form. The structure of the U.S. political system tends towards two major effective parties, and the structure would need to be changed in order to give more parties a real chance.”
Anderson said that one of the major parties would essentially have to collapse for a third party to make any gains — which is not an impossible outcome if Trump leaves politics with no heir-apparent to continue the “Make America Great Again” “MAGA” movement is a part of the Republican Party.
“Once Trump is out of politics it becomes much more likely that the MAGA/Republican base will fracture. That’s when Musk can make his move,” Anderson, Mr.
Bloomberg Opinion columnist Francis Wilkinson said Musk’s strategy to focus on vulnerable House and Senate Districts could work in the short-term, but “unless you’re changing the structure of American elections […] and the chemistry and the strategic motivations of both voters and candidates in these districts, you’re not really going to have an impact.”
Musk can cause serious headaches to the Republican Party even if his America Party does not succeed in the long term. Wilkinson stated:
“He has the capacity to be a chaos monkey.”
Musk “enormous fame, and he’s got a microphone whenever he wants one, [and] he has still staggering amounts of money.”
Musk is bad at politics and it’s not good for his business.
Tesla owners are excited by the possibility of Musk leading a third party in Silicon Valley, but Musk’s partners at the company don’t share that excitement.
James Fishback is the CEO of Azoria investment company. decided Musk has announced that he will delay listing the Azoria Tesla-Convexity ETF. “creates a conflict with his full-time responsibilities as CEO of Tesla. It diverts his focus and energy away from Tesla’s employees and shareholders.”
“A political party not only fails to complement Tesla’s mission — it actively undermines it,” “He said”
Tesla shares fell on news about Musk’s political ambitions. Tesla stock prices have fallen dramatically over the last 12 months as Musk’s political involvement increased and Tesla models became increasingly popular. synonymous With support for Trump’s administration
Musk also hasn’t proven his political effectiveness in the past. Musk is a big donor to the Republican Party but his direct involvement in a Wisconsin Supreme Court election in March 2025 didn’t go well.
Musk was used by the Trump Administration to promote its candidate Brad Schimel during the 2016 election. Musk, when he spoke to the public in speeches, wore an cheese hat Elections are called “a super big deal.” You can also find out more about the following: gave away A lawsuit has been filed against the Wisconsin voter who gave two $1 million checks. This raised some eyebrows, even from Republican observers.
All of them failed. Susan Crawford of the Democratic Party won with a margin of 10%.
Nic Puckrin said that Bitcoin would continue to grow, whether Musk won or lost. He is an investor, a crypto-analyst, and the founder of The Coin Bureau. “The only way is down for the US dollar, and Bitcoin prices will always move in the opposite direction.”
Musk needs to go beyond Bitcoin posts to bring the America Party into victory.
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Source: cointelegraph.com
