The two men spoke about Mr. Musk’s push to create the America Party before the midterm elections. Mr. Yarvin has expressed support for a monarchy, along with provocative ideas about race.

July 7–8, 2025: The first trading day since Musk’s weekend announcement, Tesla shares tumbled, and Musk’s personal fortune dropped by as much as $15 billion, according to the Bloomberg Billionaires Index. As of July 9, it stands at $349 billion with Tesla shares broadly unchanged.

Tesla CEO Elon Musk rebuffed analyst Dan Ives' suggestion that Tesla's board establish guardrails for his political activism after he vowed to launch an America Party.

In order for Musk’s proposed America Party to formally become a national political party, the FEC must issue an advisory opinion approving the party.

President Trump said Elon Musk's new third party is "good for me" but maybe not for other Republicans during a press conference.