Musk should stay out of politics, US Treasury Secretary Bessent says

[BumRushDaShow]

Source: Reuters

July 6, 2025 12:49 PM EDT Updated 54 mins ago


WASHINGTON, July 6 (Reuters) - A day after Elon Musk escalated his feud with Donald Trump and announced the formation of a new U.S. political party, the Republican president's Treasury secretary said Musk should stick to running his companies. In addition, investment firm Azoria Partners, which had planned to launch a fund tied to Musk's electric automaker Tesla (TSLA.O) said it was delaying the venture because the party's creation posed "a conflict with his full-time responsibilities as CEO."

Musk announced on Saturday that he is establishing the "America Party" in response to Trump's tax-cut and spending bill, which Musk said would bankrupt the country. Speaking on the CNN program "State of the Union" on Sunday, Treasury chief Scott Bessent said the boards of directors at Musk's companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.

"I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities," Bessent said.

Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year's midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the "big, beautiful bill."

Read more: https://www.reuters.com/business/autos-transportation/investment-firm-azoria-postpones-tesla-etf-after-musk-plans-political-party-2025-07-06/

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IOW, "thanks for that quarter billion that you gave us so you could play in the sandbox, but your services are no longer needed".

[Hugin]

1. Doesn't Bessent have some dictation to attend to?

I feel another slap-fight coming on.

[cstanleytech]

2. Musk is probably still going to help them from behind the scenes with money funneled to PACs.

[Hugin]

3. That very well could be...

It’s a shell game and we can’t see all of the shells.

[mdbl]

21. Seriously. Bessent is such a stupid suck up to Dump's idiocy

He proves it by his bizarre behavior and commenting on things that don't even involve his job.

[LetMyPeopleVote]

4. This will be fun to watch

It is not easy forming a new party.

Link to tweet

Link to tweet

[Cha]

16. It sounds Horrifying to me.. We Need A Hostile

Takeover By Democracy!

[mwmisses4289]

5. Lol, says the person who is part of a group who shouldn't be anywhere near politics.

[Kali]

6. while I sort of agree in principle

he should stfu. a cabinet secretary telling a citizen to stay out of politics is abhorrent.

[lonely bird]

18. That being said

The cabinet person needs to get out of politics. He is pathetic and incompetent.

[highplainsdem]

7. The Trump regime is seriously worried about what Musk is doing. And they should be.

[Marie Marie]

8. Hmmmm, just trying real hard to remember who invited him in and gave him a seat at the big table in the first place....

Damn, I know this - it's on the tip of my tongue. Who was it, who was it? Aaaah, so close but the answer just keeps slipping away. Oh well, it will come to me eventually.

[4catsmom]

9. Trump does too

let him go first

[reACTIONary]

10. In a close race, the "American Party" candidate....

... Could be a spoiler for the Repub, and give the race to the Democrat!

I say bring it on!

[womanofthehills]

15. Or if the American Party candidate resonates with the anti war youth

They could win. The NY mayors primary was a surprise. Dems need more young progressive anti war candidates

[reACTIONary]

20. I don't think the American Party candidate....

.... Would win under any circumstance. They would just tip the balance toward red or blue.

[republianmushroom]

11. He wasn't spouting this when Musk was helping

trump getting elected.

What an ass hole Bessent is. IMO

[Marthe48]

12. I bet bessent has whiplash

call dr. phil and the pillow guy to cure him.

[Quanto Magnus]

13. The entire Trump Regime

should stay out of politics... yet here we are.

[PSPS]

14. Translation: trump sees musk as a real threat and bessent wants to keep looting

[johnnyplankton]

17. Why? He paid for this presidency :)

[SouthBayDem]

19. P[OS]OTUS follows suit

Trump calls Musk's new political party 'ridiculous' (BBC News):

US President Donald Trump has hit out at former close ally Elon Musk over the multi-billionaire's plan to launch a new political party.

"I think it's ridiculous to start a third party," said Trump, speaking to reporters on Sunday before boarding Air Force One. "It's always been a two-party system and I think starting a third party just adds to the confusion."

After teasing the idea for weeks, Musk posted on X over the weekend that he had set up the America Party to compete against the Republican and Democratic parties.

Trump and Musk were formerly close allies, with the Tesla boss leading the Department of Government Efficiency (Doge), which is tasked with helping to cut federal spending.

[Autumn]

22. Musk can make a party that hurts Trump and co if he wants to . He bought

the old Bastard.