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    Home»Money»Trump: Musk Has Become a ‘Train Wreck’
    Money

    Trump: Musk Has Become a ‘Train Wreck’

    Press RoomBy Press RoomJuly 7, 2025No Comments3 Mins Read
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    President Donald Trump said on Sunday that it is unlikely Elon Musk’s new political party, the America Party will succeed.

    “I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump wrote in a post on Truth Social.

    “He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States – The System seems not designed for them,” Trump continued.

    Trump said having a third political party would create “Complete and Total DISRUPTION & CHAOS.” He added that the GOP, in contrast, is a “smooth running ‘machine'” that passed his “One Big Beautiful Bill” last week.

    Musk announced the formation of the America Party on Saturday, a day after Trump signed his signature tax bill on July 4. The Tesla and SpaceX CEO had publicly criticized Trump’s bill and floated the idea of starting his own party last month.

    “It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country — the PORKY PIG PARTY!!” Musk said in an X post on June 30.

    “Time for a new political party that actually cares about the people,” he added.

    Musk revisited the idea on Friday morning, when he conducted a poll on X. The poll obtained over 1.2 million votes, with over 65% of them supporting the creation of the America Party.

    “By a factor of 2 to 1, you want a new political party and you shall have it!” Musk wrote in an X post on Saturday.

    Musk previously said on Friday that he envisioned having the America Party “serve as the deciding vote on contentious laws” given the “razor-thin legislative margins” in Congress.

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    “One way to execute on this would be to laser-focus on just 2 or 3 Senate seats and 8 to 10 House districts,” Musk wrote on X on Friday.

    Trump’s dismissal of Musk’s America Party is not without basis. Past attempts at developing a third political party have faltered.

    Billionaire Ross Perot ran as an independent presidential candidate for the 1992 election. While Perot did get nearly 19% of the popular vote, he was unable to obtain any electoral college votes.

    Perot made a second attempt in 1996, when he ran under the Reform Party ticket, a party he founded in 1995. This time, Perot’s share of the popular vote fell to about 8% and he did not receive any electoral college votes.

    Perot’s party didn’t manage to win any House or Senate seats in subsequent elections, though its candidate, Jesse Ventura managed to win the 1998 Minnesota gubernatorial election. Ventura, however, left the party just a year after taking office.

    Musk and the White House did not respond to a request for comment from Business Insider.

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