• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

What Musk’s fracture with Trump means for GOP’s future: ‘Beating heart of the Republican Party’

by July 20, 2025
written by July 20, 2025

From ‘super genius’ to ‘CRAZY,’ President Donald Trump has changed his tune about SpaceX and Tesla CEO Elon Musk in a matter of months, while the tech mogul has backpedaled his support for the Republican Party and called for a new, third American political party instead. 

Musk unveiled the creation of the so-called ‘America Party’ after Trump signed into law his massive tax and domestic policy bill, which Musk staunchly opposed due to concerns that it would increase the federal deficit.

‘Today, the America Party is formed to give you back your freedom,’ Musk said in a July 5 X post. 

While there is an appetite for a third party in the U.S., Musk’s so-called America Party is not likely to pick up steam and the tech mogul would have better luck driving reforms in the Republican Party, according to experts. 

‘Elon’s effort will go nowhere,’ Republican strategist Matt Gorman said in an email to Fox News Digital. ‘But I don’t doubt it’ll make a lot of consultants rich in the process.’ 

Meanwhile, Gorman said candidates undoubtedly would prefer an endorsement from Trump over financial backing from Musk – the largest donor in the 2024 election cycle who contributed approximately $295 million to Republicans. 

‘If given a choice between a Trump endorsement or $20 million in ads from Elon, it’s not even a contest,’ said Gorman, who previously served as the communications director for the National Republican Congressional Committee. ‘They’d take the Trump endorsement every single time.’

Political columnist Kristin Tate said that while Musk was helpful in driving public support from wealthy Silicon Valley Americans for Trump, it’s unlikely these same tech leaders would abandon Trump and follow Musk instead. 

‘Trump is the beating heart of the Republican Party right now,’ Tate said in an email to Fox News Digital. 

‘Elon Musk would be better off trying to shape politics from within the Republican Party,’ Tate said. ‘A third party effort is doomed to fail. Most of President Trump’s supporters see the effort as hostile to Trump and will not support Musk. Meanwhile, all Democrat voters have been conditioned to despise Musk, so they will not support him either.’ 

Tate said Trump and Musk should attempt to repair their relationship because ‘both men bring something important and unique to the GOP. 

‘By leaving Trump, and the GOP generally, Musk will chisel off a small fraction of Republican Party voters – a fraction that will not be nearly big enough for his new party to win elections, but could be a spoiler for Democrats in elections with extremely tight margins,’ Tate said. 

Alex Keyssar, a history professor at Harvard Kennedy School of public policy, said that given dissatisfaction with the two-party system right now, it’s possible that more third-party candidates could win state and local elections. But it’s unclear if that would translate over to national elections because the rules governing elections and who may appear on ballots pose additional limitations for those candidates, he said. 

‘There’s a lot of popular sentiment looking for something else that is creating pressures for a third party,’ Keyssar told Fox News Digital. ‘In that sense, Elon Musk is on to something.’ 

Still, voters don’t appear interested in a third party affiliated with Musk. While 49% of U.S. voters said they would consider joining a third party, 77% said they weren’t on board if Musk created it, according to a new Quinnipiac University poll released Wednesday. 

Musk’s relationship with Trump first started to unravel, at least publicly, in May toward the end of Musk’s tenure overseeing the Department of Government Efficiency (DOGE). 

Shortly after Musk’s exit from DOGE, the two traded barbs over the ‘big, beautiful bill,’ where Musk said Trump wouldn’t have won the 2024 election without his backing. Likewise, Trump accused Musk of going ‘CRAZY’ over cuts to the electric vehicle credits that benefit companies like Tesla, and said Musk had been ‘wearing thin.’

Meanwhile, Trump isn’t counting on Musk’s political party taking off anytime soon, and told reporters July 6 that he believed another party ‘just adds to confusion.’ 

‘Third parties have never worked, so he can have fun with it – but I think it’s ridiculous,’ Trump said. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
‘Get a job’: Medicaid work requirements included in Trump’s megabill sparks partisan debate on Capitol Hill
next post
Trump celebrates 6 months back in office: US ‘totally revived’ after being ‘DEAD’ under Biden

related articles

Trump nominates State Department spokeswoman Tammy Bruce as...

August 9, 2025

Kash Patel celebrates major FBI achievements and record...

August 9, 2025

Sydney Sweeney jeans controversy making advertising great again

August 9, 2025

Nagasaki mayor issues chilling warning on 80th anniversary...

August 9, 2025

MIKE DAVIS: Eric Tung is Trump’s pick to...

August 9, 2025

Federal agencies directed to delete employee COVID vaccination...

August 8, 2025

WATCH: GOP senators divided over whether Epstein documents...

August 8, 2025

US appeals court blocks Trump contempt proceedings ordered...

August 8, 2025

Trump and Putin’s relationship turns sour as president...

August 8, 2025

Inside NASA’s fast-track plans for lunar nuclear power...

August 8, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Israel’s Netanyahu accuses Hamas of trying to back out of cease-fire deal

    January 16, 2025
  • ‘Progressively Worse’: Kamala Harris, Joe Biden, ‘The Squad’ — they’re not your daddy’s Democrats

    July 30, 2024
  • Nikki Haley slams PAC using her name to support Harris as group targets Wisconsin Republicans

    September 12, 2024
  • Former White House lawyer says Trump will not use DOJ ‘for political purposes,’ but to implement ‘his agenda’

    November 8, 2024
  • Movement Labs’s MOVE token tumbles 73% as Coinbase delisting follows $38M sell-off

    May 3, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,672)
  • Investing (634)
  • Stock (878)

Latest Posts

  • FTSE 100 Futures Fall Amid Inflation and Earnings Concerns

    July 16, 2024
  • Japanese eateries hike prices as tourist influx reaches record levels

    July 29, 2024
  • Chinese nationals banned from US student visas under new House GOP proposal

    March 12, 2025

Recent Posts

  • ‘Would love to’: Republicans jostle for open spots on Marjorie Taylor Greene-led DOGE panel

    November 21, 2024
  • EURGBP and EURCHF: EURCHF halted its fall this morning

    August 29, 2024
  • Grassley rips Wray’s ‘failed’ leadership at FBI with 11 pages of examples in blistering ‘no confidence’ letter

    December 9, 2024

Editor’s Pick

  • White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

    May 22, 2025
  • Karine Jean-Pierre, more top Biden aides to appear in House cover-up probe

    July 17, 2025
  • Political betting markets still have plenty of action despite end of election season

    November 29, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock