Tesla shares: Tesla Inc. shares declined by 6.8 percent on Monday (July 7). This has led to a decline of more than $ 68 billion in the company’s market cap. This decline in Tesla shares after Musk’s announcement to start a new political party in the name of ‘America Party’.

Massive loss to the net worth of Musk

According to the Bloomberg Billionaires index, Musk’s total net worth has declined by $ 15.3 billion due to a sharp decline in stock. This is the biggest decline so far in Tesla’s shares after a confrontation with Trump over ‘Big Beautiful Bill’ in June.

Due to this, Tesla’s market cap lost $ 150 billion in just one day. Musk, once the closest friend of Trump and during his election campaign, had said that he was forming his third political party in the US in protest against the Republican Speaking Bill. Musk has always been opposed to Trump’s ‘Big Beautiful Bill’.

Musk against Trump’s tax and spending bill

Papalamsk says that this will eliminate jobs, emerging industries will come to a standstill. This bill will make the country bankrupt. ‘Big Beautiful Bill’ includes heavy government spending and tax cuts. Due to this, it is estimated that this may increase the US budget deficit by more than $ 3 trillion in the next 10 years. In the 2024 election, both Musk and Trump supported each other. Musk also spent around $ 250 million for Trump’s election campaign.

Mask resigns from post in May

After the election, Musk was made the head of the President’s new department ‘Department of Government Efficiency’ (DOGE), whose job was to eliminate government bureaucracy and suggest for a large scale cut in the federal budget. Differences between Musk and Trump started after leaving the administration in May and leaving the administration and openly criticizing Trump’s tax and spending bill.

Investors fear this

Meanwhile, investors are afraid that if the estrangement of Musk with Trump remains in this way, then the subsidies from the US government in the coming time may affect Musk companies, which can cause companies.

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Elon musk on 2028 us Elections: Alan Musk, one of the richest people in the world, has announced to start a new political party in the US on Saturday (July 05, 2025). He took this decision when US President Donald Trump has passed the big spending one Big Beautiful Bill from Congress.

Till some time ago Musk was in support of Trump. He gave crores of dollars for Trump’s 2024 election and also worked with him to reduce the government’s expenses, but now there have been differences between the two, especially about Trump’s new expenditure bill. Musk says that this bill will increase heavy debt on America.

What did Alan Musk say about the presidential election?

When a social media user asked Musk if he would participate in the 2026 mid-term election or the presidential election of 2028, Musk replied- Next Year (next year).

Midterms or 2028?

– Evan (@Stockmktnewz) July 5, 2025

Musk asked people this question

A day before this, Musk had a poll on his social media platform X (first Twitter) and asked people whether they want a new party. In the poll, about 2 times more people voted in favor of the new party.

After this, Musk wrote, “Today America party has been formed so that you can get your freedom back.” This decision of Musk has come at a time when people’s resentment from Democrats and Republican parties is increasing in American politics. Now Musk himself wants to enter politics and give a new option.

Musk considers Trump’s bill to be a burden on the country’s economy

Musk considers this bill to be a burden on the country’s economy and he had already warned that the MPs who support this bill will spend money to remove them.

Trump threatened Musk

Earlier this week, Donald Trump warned Musk that if he continued the protest, the federal subsidy being given to his business would be withdrawn and even asked to send Musk from America.

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