• 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
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Related Posts

China’s growing nuclear arsenal aims to break US...

August 2, 2025

Trump ally Bukele’s party amends El Salvador constitution...

August 2, 2025

Kavanaugh cites 3 presidents in explaining Supreme Court’s...

August 2, 2025

Trump endorses ‘MAGA warrior’ for RNC chairman after...

August 2, 2025

Trump repositions 2 nuclear submarines after ‘highly provocative’...

August 2, 2025

Trump moves nuclear submarines weeks after praising sub’s...

August 2, 2025

WATCH: Trump says he is hopeful Hillary Clinton...

August 2, 2025

Recess on ice as Republicans hunker down for...

August 2, 2025

Iran says it has ‘plenty of scientists’ left...

August 2, 2025

Cambodia to nominate Trump for Nobel Peace Prize...

August 2, 2025

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

  • BYD’s July sales stall, casting doubt on 2025 delivery target

    August 2, 2025
  • US stock plunge as jobs data disappoints and tariff tensions rise

    August 2, 2025
  • Moderna cuts 2025 revenue to $2.2B after UK booster delay

    August 2, 2025
  • Brazil antitrust watchdog probes Microsoft after Opera complaint over edge browser practices

    August 2, 2025
  • Reddit shares surge 20% on record profit and strong revenue outlook

    August 2, 2025
  • OpenAI raises $8.3B as AI demand grows: report

    August 2, 2025

Editors’ Picks

  • 1

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

    February 21, 2025
  • 2

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

    February 20, 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

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

    March 1, 2025
  • 6

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

    March 1, 2025
  • 7

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025

Categories

  • Economy (2,057)
  • Editor's Pick (203)
  • Investing (185)
  • Stock (1,371)
  • 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

Pope Francis and US presidents: A look...

April 22, 2025

King Charles III visits Canada as show...

May 27, 2025

Five Years Post-COVID: 10 Economic Indicators That...

March 28, 2025