Tech billionaire launches third political party, shaking Wall Street and Washington.
In a bold move that has disrupted both Wall Street and Washington, Elon Musk has launched a new political movement called the “America Party.” Announced via a live-streamed press conference, Musk criticized the U.S. political system as a “rigged uniparty” and vowed to challenge the Republican-Democrat monopoly with innovation and independence.
The announcement sent shockwaves through financial markets. Tesla shares dropped by nearly 7% as investors feared Musk’s attention would shift away from his corporate ventures. Analysts also warned of potential reputational risks for his companies, including Tesla and SpaceX, as he steps deeper into controversial political waters.
Despite backlash, Musk’s move has energized a segment of Americans disillusioned with traditional parties. Early polls show he may attract young libertarian-leaning voters and tech-friendly independents. However, legal hurdles like ballot access and campaign infrastructure remain major obstacles.
Musk says the party will focus on decentralization, free speech, artificial intelligence policy, and curbing Big Government. While no candidate has been named yet, he hinted at a full platform rollout in the coming months.
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