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.

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 creation of the ‘America Party’ is sparking concern among Tesla investors, who worry his political ambitions could distract from his CEO duties and affect business performance.

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 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.