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BumRushDaShow

(160,656 posts) Sun Jul 6, 2025, 01:44 PM Jul 6

Musk should stay out of politics, US Treasury Secretary Bessent says

Source: Reuters

July 6, 2025 12:49 PM EDT Updated 54 mins ago

WASHINGTON, July 6 (Reuters) - A day after Elon Musk escalated his feud with Donald Trump and announced the formation of a new U.S. political party, the Republican president's Treasury secretary said Musk should stick to running his companies. In addition, investment firm Azoria Partners, which had planned to launch a fund tied to Musk's electric automaker Tesla (TSLA.O) said it was delaying the venture because the party's creation posed "a conflict with his full-time responsibilities as CEO."

Musk announced on Saturday that he is establishing the "America Party" in response to Trump's tax-cut and spending bill, which Musk said would bankrupt the country. Speaking on the CNN program "State of the Union" on Sunday, Treasury chief Scott Bessent said the boards of directors at Musk's companies - Tesla and rocket firm SpaceX - probably would prefer him to stay out of politics.

"I imagine that those boards of directors did not like this announcement yesterday (Saturday) and will be encouraging him to focus on his business activities, not his political activities," Bessent said.

Musk, who served as a top adviser to Trump on downsizing and reshaping the federal government during the first few months of his presidency, said his new party would in next year's midterm elections look to unseat Republican lawmakers in Congress who backed the sweeping measure known as the "big, beautiful bill."

Read more: https://www.reuters.com/business/autos-transportation/investment-firm-azoria-postpones-tesla-etf-after-musk-plans-political-party-2025-07-06/

IOW, "thanks for that quarter billion that you gave us so you could play in the sandbox, but your services are no longer needed".

22 replies

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Musk should stay out of politics, US Treasury Secretary Bessent says (Original Post) BumRushDaShow Jul 6 OP

Doesn't Bessent have some dictation to attend to? Hugin Jul 6 #1

Musk is probably still going to help them from behind the scenes with money funneled to PACs. cstanleytech Jul 6 #2

That very well could be... Hugin Jul 6 #3

Seriously. Bessent is such a stupid suck up to Dump's idiocy mdbl Jul 7 #21

This will be fun to watch LetMyPeopleVote Jul 6 #4

It sounds Horrifying to me.. We Need A Hostile Cha Jul 6 #16

Lol, says the person who is part of a group who shouldn't be anywhere near politics. mwmisses4289 Jul 6 #5

while I sort of agree in principle Kali Jul 6 #6

That being said lonely bird Jul 6 #18

The Trump regime is seriously worried about what Musk is doing. And they should be. highplainsdem Jul 6 #7

Hmmmm, just trying real hard to remember who invited him in and gave him a seat at the big table in the first place.... Marie Marie Jul 6 #8

Trump does too 4catsmom Jul 6 #9

In a close race, the "American Party" candidate.... reACTIONary Jul 6 #10

Or if the American Party candidate resonates with the anti war youth womanofthehills Jul 6 #15

I don't think the American Party candidate.... reACTIONary Jul 6 #20

He wasn't spouting this when Musk was helping republianmushroom Jul 6 #11

I bet bessent has whiplash Marthe48 Jul 6 #12

The entire Trump Regime Quanto Magnus Jul 6 #13

Translation: trump sees musk as a real threat and bessent wants to keep looting PSPS Jul 6 #14

Why? He paid for this presidency :) johnnyplankton Jul 6 #17

P[OS]OTUS follows suit SouthBayDem Jul 6 #19

Musk can make a party that hurts Trump and co if he wants to . He bought Autumn Jul 7 #22

Hugin

(36,899 posts)

1. Doesn't Bessent have some dictation to attend to?