Trump Slams Musk's Political Party as 'Ridiculous'

“I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump said in a post on Truth Social late Sunday stateside. “The one thing Third Parties are good for is the creation of complete and total disruption and chaos.”

“By a factor of 2 to 1, you want a new political party and you shall have it!” Musk wrote, “Today, the America Party is formed to give you back your freedom.”

“I think it’s ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it’s always been a two-party system, and I think starting a third party just adds to confusion,” Trump said Sunday, Reuters reported, a day after Musk’s announcement.

“When Elon gave me his total and unquestioned Endorsement, I asked him whether or not he knew that I was going to terminate the EV Mandate – It was in every speech I made, and in every conversation I had. He said he had no problems with that,” Trump said.

Musk’s announcement drew criticism from Trump’s allies such as James Fishback, CEO of investment firm Invest Azoria.

Fishback said he postponed an initial public listing of its Azoria Tesla Convexity ETF, “in direct response” to Musk’s formation of a new party, and urged the Tesla’s board to rein him in.

“This 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,” Fishback said in a post on X.