Billionaire CEO Elon Musk has denied the authenticity of a filing that suggested the formation of a new political entity named the “America Party.” The alleged filing, which was posted on the Federal Election Commission (FEC) website, listed Musk as the candidate and Tesla CFO Vaibhav Taneja as the treasurer and custodian of records.
The Incident
A Statement of Organization was posted on the FEC website, sparking rumors about the formation of a new third party. However, Musk quickly took to social media to deny the filing, stating that it was false and had been reported to the FEC.
Key Points
- The filing listed Elon Reeve Musk as the candidate and Vaibhav Taneja as the treasurer and custodian of records
- Musk denied the authenticity of the filing, stating that it was false and had been reported to the FEC
- The alleged filing appeared shortly after Musk declared the formation of the “America Party” on social media
- Musk had previously clashed with President Donald Trump over a tax-and-spending bill, calling the US “a one-party system, not a democracy”
Reaction from Trump
President Donald Trump responded to the news on social media, mocking the idea of a Musk-led third party. Trump stated that the system is not designed for third parties, and that they only cause “Disruption & Chaos.”
Market Impact
The incident has had a minimal impact on Tesla’s stock price, with shares falling by 2.75% over the past five days. However, Tesla maintains a solid upward trend across short, medium, and long-term periods, according to market analytics.
Additional Information
For more information on Tesla’s stock performance and market trends, please refer to our market analytics platform. Additionally, you can find more news and updates on Elon Musk and Tesla on our news page.
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Photo Courtesy
Photo courtesy of Frederic Legrand - COMEO on Shutterstock.com
Disclaimer
This content is for informational purposes only and should not be considered as investment advice.