Sunday (June 9) Musk reposted Trump and Vance’s criticism of protesters in Los Angeles, including a Trump Truth Social post blasting California Gov. Gavin Newsom and Los Angeles Mayor Karen Bass for opposing the deployment of National Guard troops to the protest scene.

Tesla stock fell almost 7% in premarket trading on Monday after Musk announced a new political party.Tesla investors are frustrated with his political involvement, wrote analyst Dan Ives.Musk's feud with Trump makes investors worry about Tesla's future,

More than a month after their initial social media bluster, Elon Musk has announced the formation of a new U.S. political party in response to U.S. President Donald Trump signing his sweeping tax and spending bill into law.