# @cgtneurope on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DLw_rxpR86k
- **Gondola URL:** https://gondola.cc/posts/32191877-cgtneurope-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/3a15ed79ad.jpg
- **Posted:** 2025-07-06T12:00:12.000+00:00
- **Account Owner:** CGTN Europe (@cgtneurope) — https://gondola.cc/cgtneurope

## Caption

In a dramatic rupture with President Donald Trump, Elon Musk has announced the formation of a new political party — the “America Party” — accusing Trump of pushing a tax-and-spend bill that will “bankrupt the country.”⁣
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Musk’s move comes just one day after he polled his followers on X about starting a new party — and hours after Trump signed his “big, beautiful” tax-cut and spending bill into law. Musk, once a major backer of Trump’s re-election and head of the Department of Government Efficiency, called the $2.5 trillion deficit “insane.”⁣
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“By a factor of 2 to 1, you want a new political party — and you shall have it,” Musk wrote.⁣
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The fallout was swift: Tesla investor confidence wobbled. Azoria Partners postponed the launch of a Tesla ETF, and its CEO called on Tesla’s board to clarify Musk’s political plans.⁣
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Trump hasn’t responded yet, but earlier this week he threatened to cut federal subsidies for Musk’s companies — SpaceX and Tesla included.⁣
While Musk has deep pockets and massive reach, challenging the two-party system is a steep climb. Trump’s approval ratings remain steady above 40%, and Republicans worry this high-profile feud could damage their 2026 midterm chances.⁣
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#Musk #Trump #AmericaParty #USPolitics #ElonMusk #DonaldTrump #Tesla #SpaceX #TaxBill #Deficit #BreakingNews #ThirdParty #2026Midterms⁣
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## Stats

- **Views:** 0
- **Likes:** 142
- **Shares:** 0
- **Comments:** 17

## Tags

thirdparty, deficit, musk, trump, tesla, 2026midterms, americaparty, spacex, donaldtrump, uspolitics, elonmusk, taxbill, breakingnews

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