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Elon Musk has announced the formation of a new political party called ‘The America Party’ via X, further distancing himself from President Donald Trump, who termed the move “ridiculous.” This announcement occurred over the weekend and has garnered significant attention, with Musk’s post receiving over 50 million views and 160,000 likes within 24 hours.
Musk’s party seems poised to capitalize on rising political exhaustion among Americans, as Gallup data indicates satisfaction with democracy has plummeted from 60% in 1990 to just 30% today. The America Party reportedly focuses on fiscal responsibility, smart immigration reform, and technology-driven governance, potentially appealing to a broad swath of disillusioned voters.
Should Musk succeed in establishing a viable political coalition, it could spur investment in artificial intelligence (AI) stocks. His tech-first approach may lead to increased government contracts and policy support for companies like Tesla, NVIDIA, and Microsoft, ultimately transforming both the political landscape and the AI market.
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