‘Musk must be out of politics,’ says US Treasury Secretary

Declaration was made after Elon Musk announced the creation of “America Party” in a break with Trump; Financial market already reacts and manager goes on the release of the background linked to Tesla. Billionaire Elon Musk, owner of X, Spacex and Tesla. Getty Images via BBC The US Treasury Secretary Scott Bessent said on Sunday (6) that Elon Musk should set aside his political ambitions and focus on the management of their companies, such as Tesla and Spacex. The statement was made a day after the billionaire announced the creation of a new political party, the “America Party” amid President Donald Trump. “I imagine that Tesla and Spacex administrative councils have not enjoyed this announcement and will encourage him to focus on business, not in politics,” Bessent said during an interview with CNN’s State of the Union. The secretary’s speech came on the treadmill of Musk’s announcement on Saturday (5), where the businessman stated that he was forming a new political acronym to combat republican parliamentarians who supported a tax package defended by Trump. The proposal, which cuts taxes and increases spending on defense and border security, was approved in Congress with unanimous support from Republicans. Musk, who for years was ally of the president and even served as a White House advisor, said the project – nicknamed Trump of “The Great and Beautiful Project” – will lead the country to bankruptcy. As a reaction, it promised that the “America Party” [partido americano, em tradução livre] will try to defeat Republican legislators in the 2026 middle term elections. Market reacts the political movement of the billionaire has already begun to have financial effects. Manager Azoria Partners, who intended to launch an index fund (ETF) tied to Tesla this week, announced the postponement of the launch, citing a “conflict with musk obligations as CEO.” “I encourage Tesla’s advice to immediately gather to ask for clarification on Elon’s political ambitions and assess whether they are compatible with their executive function,” wrote Azoria CEO James Fishback on Rede X (former Twitter). Fishback, who declared support for Trump, said on Sunday: “Elon left us no other choice.” Trump responds and threatens to cut subsidies the president, who in recent years has received financial and political support from Musk, has reacted with criticism. According to Trump, the billionaire would be “unhappy because the approved package revokes tax credits for Tesla electric vehicles.” The president also threatened to remove billions of dollars in subsidies and public contracts that today benefit Tesla and Spacex. The White House avoided directly commenting on the new party, but stressed that the fiscal project shows the strength of the republican base. “As leader of the Republican Party, President Trump has unified and strengthened the party like we have never seen,” said spokesman Harrison Fields. Racha can benefit Democrats the Democratic Party reacted to the clash between Musk and Trump with optimism. “The Maga Party [Torne a América Grande Novamente, em tradução livre] De Trump is leaving after his disastrous budget, “said Abhi Rahman, spokesman for the Democratic National Committee.” Republicans are realizing that they have signed their own resignation and now look for someone to blame. “Even with the criticism, Trump’s allies continue to defend the approved project.” This great and beautiful project will boost economic growth, “Stephen Miran, president of the council advisers said, of the presidency, to the channel ABC. Donald Trump and Elon Musk break and exchange accusations

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