Elon Musk Slams Donald Trump’s ‘Insane Spending Bill’ As Polymarket Odds Of ‘America Party’ Launch Surge
Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk has reiterated threats to form a new “America Party,” as his public feud with President Donald Trump over the “Big Beautiful Bill” continues to gather steam.
What Happened: The calls for a new U.S. political party gained momentum on July 1 after Musk sharply criticized President Trump’s proposed bull, a federal spending package Musk labeled a “disgusting abomination” due to its tax breaks and cuts to essential programs like healthcare and food assistance.
In a viral post on X, Musk declared: “If this insane spending bill passes, the America Party will be formed the next day.”
Crypto influencer The Bitcoin Therapist quipped in response, “Time to buy more Bitcoin. He who gets the most BTC wins.”
The backlash was swift and widespread. Musk’s remarks fueled speculation, and within hours, Polymarket odds of him launching a political party by December 31, 2025 jumped from 11% to 44%.
Earlier in the day, odds of forming a party …
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