Elon Musk’s America Party has yet to launch almost a month after the tech billionaire announced his intentions, and according to one Tesla investor, the one-time Trump adviser has turned his attention back to his business ventures.
Musk had to “blow off steam” about President Donald Trump’s “big, beautiful bill,” Tesla investor James Fishback told Axios, the outlet reported Wednesday. “It has been 17 days since he said he was going to start the America Party. There’s no filing, no candidate. There’s nothing of substance.”
Wedbush Securities analyst Dan Ives, who has followed Musk for decades, said the world’s richest man has “read the room” on politics.
Tesla shareholders, said Ives, “don’t want him in politics.”
“The Trump-experiment-gone-bad with Musk was a significant dark time for Tesla shareholders,” he added.
Last week, Tesla shares sank 8% after Musk acknowledged the automaker could face a “few rough quarters” while the company focuses less on selling cars and more on offering self-driving taxis and other vehicles.
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Author: Dillon B
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