Musk Floats Creating ‘A New Political Party’ Amid Fallout With Trump

- June 4, 2026
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Treasury Secretary Scott Bessent acknowledged Wednesday that he threatened to “kick ass” during a heated confrontation last year, while firmly denying reports that he threatened to punch the now-acting Director of National Intelligence “in the face.”

The unusual exchange emerged during a Senate Finance Committee hearing, where Sen. Thom Tillis (R-NC) pressed Bessent about reports surrounding a confrontation between the two Trump administration officials during the summer of 2025.

According to Bessent, one key detail in the widely circulated account was inaccurate.

While he denied threatening.

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Seijah Drake was born in Boston, MA, where she developed a penchant for writing early on and a passion for politics in college. After college she worked briefly for a conservative media in New York before relocating to the Greater D.C. Area to pursue a career in political marketing. She now resides in the free state of Florida.

MINISTÉRIO DAS COMUNICAÇÕES, CC BY 2.0 , via Wikimedia Commons
3 minute read

The friendship between President Trump and billionaire Elon Musk has gone south…

Tesla and SpaceX CEO Elon Musk polled his followers on Thursday, asking if there should be a “new political party in America” as he sparred with President Donald Trump over the “Big, Beautiful Bill.”

“Is it time to create a new political party in America that actually represents the 80% in the middle?” Musk asked his 220 million followers on X, the platform he owns.

Elon Musk and President Donald Trump’s feud about the “Big Beautiful Bill” hit a fever pitch on Thursday when the tech billionaire responded to the president’s criticism in a post on X saying Trump would have lost the election without his help.

“Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate. Such ingratitude,” Musk wrote in a post responding to Trump’s remarks about him.

While speaking with reporters in the Oval Office, Trump said that he was “very disappointed” by Musk’s vocal criticisms of the bill. The president claimed that Musk knew what was in the bill and “had no problem” with it until the EV incentives had to be cut.

“I’m very disappointed because Elon knew the inner workings of this bill better than almost anybody sitting here, better than you people. He knew everything about it. He had no problem with it,” Trump said. “All of a sudden, he had a problem. And he only developed the problem when he found out that we’re going to have to cut the EV mandate.”

However, Musk seemed to escalate the feud even further by implying President Trump is somehow linked to notorious sex trafficker Jeffrey Epstein.

Musk, who took a step back from his White House role last week, has been increasingly critical of Trump’s signature piece of legislation. 

Musk said last month that he was “going to do a lot less in the future” in regards to political donations, but left the door open.

“I think I’ve done enough,” Musk said at Bloomberg’s Qatar Economic Forum, adding, “If I see a reason to do political spending in the future, I will do it. I do not currently see a reason.”

This is a breaking news story. Please check back for updates.

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Nancy Butler

Nancy grew up in the South where her passion for politics first began. After getting her BA in journalism from Ole Miss she became an arts and culture writer for Athens Magazine where she enjoyed reporting on the eclectic music and art scene in Athens, GA.

However, her desire to report on issues and policies impacting everyday Americans won out and she packed her bags for Washington, DC. Now, she splits her time between the Nation’s Capital and Philadelphia where she covers the fast-paced environment of politics, business, and news.
In her off time, you can find Nancy exploring museums or enjoying brunch with friends.

3 Comments
    Judy Reed

    Nancy, you need to clear the definitions for REGARD and REGARDS. The below should say “in REGARD to . . . .”

    Musk said last month that he was “going to do a lot less in the future” in regards to political donations, but left the door open.

    Journalists should know.

    Stephen Russell

    Whats new Party name>?
    Rerun Tea Party from 90s??

    Bill

    Trump will kiss Putin’s feet, but the man who he owes so much to can’t get Trump down from his pedestal. If Musk starts a new political party, Trump will be responsible for the end of Republican dominance. Musk will draw a lot of followers because he can get things done with much more than his mouth. Trump better solve this fast, because it could doom the party as soon as 2026.

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