The brief détente between Elon Musk and President Donald Trump took its last breath over the weekend, as the billionaire and once top Republican donor announced he would form a new political party.

Trump's Department of Government Efficiency led by Elon Musk faced resistance while attempting to reduce federal workforce and address the $37 trillion national debt.

As CEO of X, Linda Yaccarino had a cushy job, a fancy paycheck, and the ability to contribute to the future of tech. So why did she step down Tuesday? It’s a tale as old as time: her “parents” were going through a divorce,

Musk promised to campaign against Republicans who voted for the bill, and Trump pondered whether to deport the South Africa-born billionaire. But after Musk announced over the weekend the formation of his planned third political party, the “America Party,” Trump seemed to feel less love or hate than pity.

Copper and pharmaceuticals are getting hit with the tariff stick and the price is steep says President Trump who is promising more trade deals. Stocks remain volatile amid the uncertainty, but investors are piling into Nvidia lifting its market cap to new record.

As the Tesla boss has ramped up threats to form a new third party after Republicans passed Trump’s mega-spending bill, Musk also purged his X account of House Speaker Mike Johnson, the White House’s Rapid Response account, Republican Congresswoman Nancy Mace, Energy Secretary Chris White, and MAGA activist Scott Presler.

Musk, the world’s richest man and the largest donor to Trump’s 2024 election effort, did not offer any evidence.

Shares in Tesla plunged 6.79% Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from President Donald Trump. Shares in Tesla (TSLA) had dropped as much as 7.