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Ilon Musk on Saturday announced to form a new political party in the US.
The impact of the world’s richest businessman Illon Musk’s politics is also showing the impact on the stock market. US investment firm Ajoria Partners has postponed a plan to launch its new ETF (Exchange Traded Fund) based on Tesla.
Ajoria Partners was to launch Ajoria Tesla Convexity ETF next week, in which Tesla’s shares and options were invested. After the announcement of Musk’s new political party, Ajoria’s CEO James Fishback questioned Musk’s political ambitions on social media.
He said that politics may affect his responsibility as Tesla’s CEO. Fishback said that I appeal to Tesla’s board to hold a meeting immediately and ask Musk clearly ask whether his political ambitions match Tesla’s CEO’s role or not.
America party launched on Saturday
Ellon Musk on Saturday announced to form a new political party in the US. He has named it ‘America Party’. Musk gave this information on his social media platform x.
He wrote- Today America Party is being formed, so that you can get your freedom back. “He also did a public poll on X.
Musk said in his post that 66% of you want a new political party and now you will get it. When it comes to ruining America and corruption, both parties (Republicans and Democrats) in America are the same. Now the country will get independence from 2 party systems.
On July 4, Musk posted a pole on X on the occasion of US Independence Day. In this, he asked that do you want freedom from two party systems? Should we form a US party? In the poll results, 65.4% people voted in “yes” and 34.6% in “no”.
What is America’s two party system?
Democratic and Republican have dominated two parties for the last one hundred and fifty years in America politics. From the presidential election to the state assemblies in the country, both these parties are dominated. This two-party system is also considered to be the cause of the stability of American democracy.
The Democratic Party began in 1828 in the era of Andrew Jackson. It was initially considered to be the party of farmers and general public.
In the 20th century, it became an advocate of economic reforms like social welfare, new deal and civil rights.
At the same time, the Republican Party became against slavery in 1854 and Abraham Lincoln became its first President. In the 20th century it became a party supporting trade and tax cuts.
Musk and Trump clashed over the Big Beautiful Bill
Musk and President Donald Trump had a fierce tuck for the Big Beautiful Bill that cut tax and expenditure on June 5, after which Musk had separated himself from the Trump government.
Trump said, “When we essentially asked to cut the law to buy electric vehicles, Musk started having trouble. I am very disappointed with Ilon. I have helped them a lot. ‘
After this, Musk made many tweets on his social media platform X, describing Trump as a fan. Musk said, “If I was not, Trump would have lost the election.” He had even spoken about impeachment on Trump. Read the full news here …
Actually, Musk said that this bill of Trump will end millions of jobs in America and will cause a big strategic loss to our country. However, after Trump signed on July 4, the bill has been made law.
