ToplineElon Musk on Monday took an apparent jab at President Donald Trump—posting on X about the inconsistent White House claims about a so-called “Epstein list”—after the president mocked the billionaire’s announcement of a new political party,

"The America Party is formed to give you back your freedom," Musk said, days after Trump debated deporting him.

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.

Tesla shares sank Monday after CEO Elon Musk announced he would form a new political party in an escalation of his feud with President Donald Trump.

U.S. President Donald Trump has strongly criticized Elon Musk’s announcement to launch a new political party, calling the idea “ridiculous” and “confusing.” Trump Rejects Musk’s Bold Political Move Trump’s comments followed Musk’s announcement that the “America Party” had been formed in response to Trump’s recently passed spending and tax cut measure.

Billionaire Elon Musk indicated Tuesday that releasing files related to convicted sex trafficker Jeffrey Epstein will be a major goal for his third party. President Donald Trump and his administration confirmed Tuesday it had finished its investigation into Epstein,