• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

by July 8, 2025
by July 8, 2025

As Elon Musk moves forward with forming a third party in hopes of rocking the nation’s longstanding two-party system, the world’s richest person is reaching out to a one-time presidential candidate who has started his own independent party.

Musk, the billionaire CEO of Tesla and SpaceX who spent the first four months of President Donald Trump’s second administration as a special White House advisor steering the recently created Department of Government Efficiency (DOGE), spoke with Andrew Yang, Fox News has confirmed.

A source familiar with the conversation said that the two discussed Musk’s push to create the ‘America Party,’ which Musk aims to field some candidates in next year’s midterm elections.

‘I’m excited for anyone who wants to move on from the duopoly,’ Yang said in a statement to Fox News. ‘And I’m happy to help give someone a sense of what the path looks like.’ News of the conversation was first reported by Politico.

Yang grabbed national attention in the 2020 election cycle, as the entrepreneur went from an extreme longshot to briefly being a contender for the Democratic presidential nomination. 

But Yang soured on the two-party system after an unsuccessful 2021 run for New York City mayor. He then formed the independent Forward Party, which has been recognized in a handful of states and aims to eventually gain ballot access from coast to coast.

Yang and Musk are far from strangers. Musk in 2019 supported Yang’s unsuccessful presidential bid. 

Musk became the top donor of the 2024 election cycle, dishing out nearly $300 million in support of Trump’s bid through America PAC, a mostly Musk-funded super PAC aligned with Trump.

Trump named Musk to steer DOGE soon after the November election, and the president repeatedly praised Musk during his headline-making and controversial tenure at the cost-cutting effort.

But a feud between Musk and Trump broke out days after Musk left the White House in late May, as Musk dubbed the administration’s massive landmark spending bill – which Trump called his ‘big, beautiful bill’ – a ‘disgusting abomination,’ which he said would sink the nation into unsustainable debt.

Musk also argued that Trump would not have won last year’s presidential election without all of his support. 

Musk announced the launch of the ‘America Party’ on his social media platform X on Saturday, a day after Trump signed the sweeping domestic policy package into law. The measure narrowly passed the Senate and House last week along near party-line votes in the Republican-controlled chambers.

Trump on Sunday ridiculed Musk’s move.

‘I think it’s ridiculous to start a third party,’ Trump told reporters. ‘It’s always been a two-party system, and I think starting a third party just adds to confusion.

The president added that ‘third parties have never worked. So, he can have fun with it, but I think it’s ridiculous.’

Starting an independent or third party, and gaining ballot access in states across the country, is extremely difficult.

This post appeared first on FOX NEWS

0 comment
0
FacebookTwitterPinterestEmail

previous post
Fed’s Bowman on the Risks of ‘Set It and Forget It’ Regulatory Culture
next post
US ends terrorist designation of Syrian militant leaders

Related Posts

When Production Isn’t Production and Prices Aren’t Prices

January 21, 2026

The High Minimum Wage Blues

January 21, 2026

Trump admin sought redactions on key China war...

January 21, 2026

Trump says ‘you’ll find out’ when asked how...

January 21, 2026

Trump floats ‘Board of Peace’ to replace UN,...

January 21, 2026

Newsom warns ‘pathetic’ foreign leaders to grow a...

January 21, 2026

Trump rips ‘crooked’ Ilhan Omar as House ramps...

January 21, 2026

Israeli UN ambassador sends stark warning to Iran...

January 21, 2026

Armed militias fire heavy machine guns through Tehran...

January 21, 2026

Gov Whitmer says America ‘ready for a woman...

January 21, 2026

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • When Production Isn’t Production and Prices Aren’t Prices

    January 21, 2026
  • The High Minimum Wage Blues

    January 21, 2026
  • Apple stock tumbles nearly 3% despite analyst upgrade: here’s why

    January 21, 2026
  • BBAI stock tumbles as new ‘investor alert’ sparks fresh panic selling

    January 21, 2026
  • Netflix stock sinks on Q4 earnings, creating opportunity for long-term investors

    January 21, 2026
  • GLD ETF analysis: What next for gold as the rally gains steam?

    January 21, 2026

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (3,876)
  • Editor's Pick (413)
  • Investing (404)
  • Stock (2,596)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Details of Trump’s highly anticipated AI plan...

July 24, 2025

Russia drawing up plans to conduct nuclear...

November 7, 2025

Liberty, Risk, and Permission to Live Dangerously

October 20, 2025