Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing the America Party in response to the president’s sweeping tax cuts ...

The market value of Tesla crashed by US$15 billion after its CEO said he would form the America Party as investors pre-empt damage to the US EV brand.

Elon Musk, the world's richest person, has revealed his plans to enter politics in the United States. Unconfirmed reports suggested that Vaibhav Taneja, Tesla's finance chief, might become the ...