Treasury Secretary Scott Bessent delivered some unhealthy information to Elon Musk after the world’s richest man introduced the formation of a brand new political occasion yesterday.
As The Gateway Pundit’s Cassandra MacDonald reported, a bitter Musk spent his Independence Day doubling down on his risk to type a brand new political occasion, dubbed the “America Celebration.” In an X put up, he claimed he desires to disrupt the two-party system by creating a celebration for the “80% within the center” who really feel deserted by Democrats and Republicans.
In subsequent posts about his plans, Musk wrote, “One option to execute on this is able to be to laser-focus on simply 2 or 3 Senate seats and eight to 10 Home districts.” Given the truth that third-party candidates value the GOP two Senate seats (Wisconsin and Michigan) final fall and the truth that Musk’s followers lean proper, this quantities to efficient sabotage.
Nonetheless, Musk formally fashioned the “America Celebration” Saturday afternoon. What a disgraceful betrayal.
Bessent was requested about Musk’s transfer towards the tip of his interview with CNN’s Dana Bash and calmly delivered a actuality verify the X proprietor wouldn’t like to listen to.
WATCH:
Holy SMOKES: Scott Bessent with a message for Elon Musk…
“The rules of DOGE have been extremely popular. In the event you regarded on the polling, Elon was NOT.”
“These Board of Administrators didn’t like this announcement [of a new party] yesterday.”pic.twitter.com/riAVdIdyMO
— Eric Daugherty (@EricLDaugh) July 6, 2025
BASH: He (Musk) introduced this weekend that he’s beginning a brand new political occasion. Does this fear the Trump Administration?
BESSENT: Look, the rules of DOGE have been standard. In the event you regarded on the polling, Elon was not. The Boards of Administrators at his numerous corporations wished him to come back again and run his corporations, which he’s higher at than anybody.
So, I think about these Board of Administrators didn’t like this announcement yesterday and will probably be encouraging him to give attention to his enterprise actions, not his political actions
In different phrases, Bessent is telling Musk that not solely has his ego gotten too large, however that he’s additionally an newbie on the political sport. It will doubtless tick Musk off to no finish
Bessent’s level is additional buttressed by the truth that Musk has already suffered a major blow. Azoria, a distinguished funding agency, had deliberate to debut the Tesla Convexity ETF subsequent week, however has now pulled its help indefinitely following Musk’s new political foray.
The Azoria Tesla Convexity ETF would have provided traders a strategic automobile for publicity to Tesla’s high-growth potential. What a missed alternative.
BREAKING: Main funding agency WITHDRAWS help from Tesla and POSTPONES Tesla Convexity ETF, citing Elon Musk’s launch of the America Celebration.
“This undermines shareholder confidence. If Elon received’t focus, the Board should act.” https://t.co/zhcBpRzWrp pic.twitter.com/ugj7RPACPU
— Le Bark Information (@LeBarkNews) July 6, 2025
