1 hour ago Tesla shares sink after Musk says he will launch new political party

Billionaire’s intervention, which he claims is needed to combat ‘one-party system’, rattles investors

Politics

4 h. ago Trump clashes with Musk and threatens additional tariffs on countries with ‘anti

Musk says he is setting up America party to challenge Republican and Democratic ‘Uniparty’Trump says tariffs are delayed until 1 August, sparking confusionThe president of the European Commission, Ursula von der Leyen, said she had a “good exchange” with Donald Trump on Sunday, a Commission spokesperson told reporters during a daily press briefing this morning.The spokesperson said:We want to reach a deal with the US (by 9 July). We want to avoid tariffs. We believe they cause pain. We want to achieve win-win outcomes, not lose-lose outcomes. Continue reading...

Politics

6 h. ago Donald Trump clashes with Elon Musk and threatens additional tariffs on countries with ‘anti

Musk says he is setting up America party to challenge Republican and Democratic ‘Uniparty’We can now bring you the latest updates from the devastating Texas floods that have killed at least 82 people. Rescuers are working around the clock to find survivors but their efforts may be hampered by more heavy rain that is expected to fall today.Most of the fatalities were in Kerr County, where Camp Mystic, a Christian girls’ camp, was deluged.Netanyahu and Trump have a complex personal relationship – and Trump openly vented frustration at him last month during efforts to negotiate a truce with Iran – but the two have appeared in lockstep since the US launched a bombing run against Iran’s nuclear programme, fulfilling a key goal for Israeli war planners.Netanyahu arrives in Washington in a strong political position, observers have said, potentially giving him the diplomatic cover he would need to end the war in Gaza without facing a revolt from his rightwing supporters that could lead to t...

Politics

6 h. ago Trump calls Elon Musk’s new political party ‘ridiculous’ and ‘confusing’

President Donald Trump slammed Elon Musk’s plan to launch a new political party, calling it “ridiculous” and insisting the US has always been a “two-party system.” (6 July)

Politics

7 h. ago Tesla shares dive as investors fear new Elon Musk political party will damage brand

Fall of 7% in premarket trading would wipe $70bn off firm’s value as market frets CEO’s foray into politics will distract from roleShares in Tesla are heading for a sharp fall in the US as investors fear Elon Musk’s launch of a new political party will present further problems for the electric carmaker.Tesla stock was down more than 7% in pre-market trading on Monday, threatening to wipe approximately $70bn (£51bn) off the company’s value when Wall Street opens. Continue reading...

Economics

7 h. ago Trump live updates: President says Elon Musk ‘off the rails’ as tech boss hits back over Jeffrey Epstein

Donald Trump reignites feud with world’s richest man that erupted in June over the latter’s opposition to the president’s signature ‘Big, Beautiful Bill’

Politics

17 h. ago Trump scorches Elon Musk’s plans for a third party: ‘TRAIN WRECK’

Elon Musk launched the so-called “America Party” on Saturday

Politics

17 h. ago Trump says Musk is ‘off the rails’ and calls his new political party ‘ridiculous’

US president railed against his former adviser online after tech billionaire said he will start and bankroll America partyDonald Trump called Elon Musk’s decision to start and bankroll a new US political party “ridiculous” on Sunday. “Third parties have never worked, so he can have fun with it but I think it’s ridiculous,” the president told reporters traveling with him back to the White House from his New Jersey golf club.He then elaborated, at great length, in a post on his social media platform, Truth Social. “I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” the president wrote. “He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States”. Continue reading...

Politics

21 h. ago What are the challenges to launching Musk’s new ‘America Party’?

He’s built rockets and electric vehicles, but some experts are skeptical as to whether the world’s richest person can successfully build a new political party

Politics

22 h. ago Musk should stay out of politics, treasury secretary says after ‘America’ party news

Scott Bessent suggests Musk focus on business a day after tech billionaire announced his new political partyElon Musk should focus on running his companies and keep himself out of politics, Donald Trump’s treasury secretary said on Sunday, a day after the world’s richest person – and a former White House adviser – announced the formation of a new political party.“The principles of Doge were very popular – I think if you looked at the polling Elon was not,” Scott Bessent said on CNN’s State of the Union, referring to the so-called “department of government efficiency” that Musk temporarily headed after Trump’s second presidency began in January. Continue reading...

Politics

34 h. ago Elon Musk to create new political party after explosive fallout with Trump

The billionaire businessman, 54, revealed on Saturday that he had established the America Party

Politics

43 h. ago Elon Musk claims he has ‘formed’ his own political party after fallout with Trump: ‘Give you back your freedom’

Elon Musk says he is forming the ‘America Party’ as he feuds with Trump over the ‘Big, Beautiful Bill’

Politics

43 h. ago Elon Musk launches new political party after blockbuster fallout with Trump

The former 'First Buddy' announced the foundation of the America Party on his X social media platform on Saturday.

Politics

50 h. ago Elon Musk’s proposed new political party could focus on a few pivotal congressional seats

Billionaire said his ‘America party’ would try to turn attainable House and Senate seats to decide major issuesThe new US political party that Elon Musk has boasted about possibly bankrolling could initially focus on a handful of attainable House and Senate seats while striving to be the decisive vote on major issues amid the thin margins in Congress.Tesla and SpaceX’s multibillionaire CEO mused about that approach on Friday in a post on X, the social media platform which he owns, as he continued feuding with Donald Trump over the spending bill that the president has signed into law. Continue reading...

Politics

50 h. ago Elon Musk’s ‘America’ party could focus on a few pivotal congressional seats

Billionaire says his new political party could try to turn attainable House and Senate seats to decide major issuesThe new US political party that Elon Musk has boasted about bankrolling could initially focus on a handful of attainable House and Senate seats while striving to be the decisive vote on major issues amid the thin margins in Congress.Tesla and SpaceX’s multibillionaire CEO mused about that approach on Friday in a post on X, the social media platform he owns, as he continued feuding with Donald Trump over the spending bill that the president has signed into law. On Saturday, without immediately elaborating, the former Trump adviser announced on X that he had created the so-called America party. Continue reading...

Politics

3 d. ago Nearly 40 percent of Americans say they would back Musk’s third party if he creates one, poll finds

It comes after the world’s richest man claimed he would launch ‘the America Party’ in response to Donald Trump’s ‘Big, Beautiful Bill,’ which he has described as ‘insane’

Politics

1 week ago Tesla sales plummet despite surge in drivers buying electric cars

Increased competition from Asian manufacturers and reputational damage to the brand could be behind the fall

Economics

last month Musk teases new US political party to rival Democrats and Republicans after public fallout with Trump

The US president said the Tesla founder has ‘lost his mind’ after falling out over his spending plans

Politics