A mega investor and ally of President Donald Trump has launched a super PAC to challenge Elon Musk’s political ambitions.James Fishback, a former Department of Government Efficiency adviser, launched the FSD PAC Tuesday to counter Musk’s “antics.

Elon Musk's net worth has taken a $15.3 billion hit after the Tesla CEO announced he was to form a new political party. The news sent ripples through financial markets and spooked investors concerned about Musk's political ambitions and possible implications for Tesla's brand and business operations.

The potential launch of the America Party by billionaire Elon Musk could result in him committing more time to politics once again, putting key time with Tesla Inc. TSLA on the back burner. What Happened: Passage of the "Big Beautiful Bill" by Congress and President Donald Trump could be bad for Tesla and the electric vehicle sector due to the elimination of the $7,

The U.S. president launched new barbs at the tech billionaire and said the Musk ally he once named to lead NASA would have presented a conflict of interest given Musk's business interests in space.

The brief détente between Elon Musk and President Donald Trump took its last breath over the weekend, as the billionaire and once top Republican donor announced he would form a new political party.

Elon Musk’s push to create a third political party is putting his business empire at risk once again, raising questions about how his political ambitions align with the interests of his companies.

Elon Musk kicked off an earnings call for Tesla by putting worried investors at ease: He said that he would be spending more time at the company, following months of distraction in Washington, D.C.