{"id":2456953,"date":"2025-07-08T14:34:00","date_gmt":"2025-07-08T18:34:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ouch-elon-complained-about-300m-spent-to-help-trump-but-new-party-just-cost-him-225x-more\/"},"modified":"2025-07-08T14:35:01","modified_gmt":"2025-07-08T18:35:01","slug":"ouch-elon-complained-about-300m-spent-to-help-trump-but-new-party-just-cost-him-225x-more","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ouch-elon-complained-about-300m-spent-to-help-trump-but-new-party-just-cost-him-225x-more\/","title":{"rendered":"Ouch: Elon Complained About $300M Spent to Help Trump, But New Party Just Cost Him 225x More"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fouch-elon-complained-about-300m-spent-to-help-trump-but-new-party-just-cost-him-225x-more%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2456953&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The 2024 U.S. election showed a narrow majority of Americans wishing to preserve Western civilization. However, Elon Musk&#8217;s recent political moves have had significant financial repercussions. Following his announcement to create a new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mayor-of-hyattsville-maryland-dead-from-apparent-suicide\/\" title=\"Mayor of Hyattsville, Maryland Dead from Apparent Suicide\">political party called<\/a> the &#8220;America Party,&#8221; Tesla&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ben-jerrys-boycott-results-in-2-billion-loss-in-shares-so-far\/\" title=\"Ben &amp; Jerry&#039;s boycott leads to B share loss to date.\">market capitalization dropped<\/a> by over $68 billion, a loss far exceeding his $288 million donation to support Trump adn Republicans in the 2024 election. Investors view musk&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/obamas-former-education-secretary-announces-hes-running-for-governor-of-maryland\/\" title=\"Obama\u2019s Former Education Secretary Announces He\u2019s Running For Governor Of Maryland\">deeper involvement<\/a> in politics negatively, especially as it distracts from Tesla&#8217;s core business during a critical period.<\/p>\n<p>Musk&#8217;s political efforts have also caused a rift between him and former ally Donald Trump, notably after Musk criticized the recently signed &#8220;Big Lovely bill&#8221; as government overspending. While Musk claims to uphold conservative principles, experts regard the America Party as an unrealistic personal project. The future impact of this new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rep-rosendale-trust-factor-was-broken-with-mccarthy\/\" title=\"Rep. Rosendale: McCarthy Lost Trust\">party remains uncertain<\/a>, including whether Musk&#8217;s investments in upcoming midterm elections could influence Congressional control or align with Democratic policies. Ultimately,Musk&#8217;s political ambitions have already cost him heavily,and the outcomes of his new party remain unpredictable.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><script>console.log(\"ad slot (REP_0)\")<\/script><script>console.log(\"ad slot (REP_1)\")<\/script><\/p>\n<p>The 2024 election proved that, by a slim margin, more Americans hope to save Western civilization than to destroy it.<\/p>\n<p>Alas, sometimes good intentions pave the road to hell.<\/p>\n<p>According to <a href=\"https:\/\/www.cnbc.com\/2025\/07\/07\/tesla-tsla-s-today.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a>, mega-billionaire Elon Musk, CEO of the electric vehicle company Tesla and former political ally of President <a href=\"https:\/\/www.westernjournal.com\/trump-offers-devastating-assessment-musks-ridiculous-proposed-new-party-itll\/\" target=\"_blank\" rel=\"noopener\">Donald Trump<\/a>, has cost Tesla more than $68 billion in market capitalization following his decision to create a new political party called the &ldquo;America Party.&rdquo;<\/p>\n<p>On Monday, Tesla&rsquo;s stock lost nearly seven percent of its value, which accounted for the gargantuan decline in market cap.<\/p>\n<p>In the 2024 election, Musk donated $288 million to help elect Trump and Republicans, per <a href=\"https:\/\/www.washingtonpost.com\/politics\/2025\/01\/31\/elon-musk-trump-donor-2024-election\/\" target=\"_blank\" rel=\"noopener\">The Washington Post<\/a>.<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadScript(src) { \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=src; \t\t\t\t\t\tscript.async=true; \t\t\t\t\t\tdocument.body.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadScript(\"https:\/\/embed.sendtonews.com\/player3\/embedcode.js?fk=s28Az7AY\"); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #stnvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#stnvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p>That hefty sum, for which <a href=\"https:\/\/www.westernjournal.com\/elon-musk-announces-significant-change-political-strategy-going-forward-done-enough\/\" target=\"_blank\" rel=\"noopener\">Musk<\/a> seemingly feels unappreciated, amounts to only a fraction of Monday&rsquo;s loss, which is about 225 times more.<\/p>\n<p>And, without adjusting for inflation, $68 billion would have made him the world&rsquo;s richest person only a generation ago.<\/p>\n<p>According to <a href=\"https:\/\/www.forbes.com\/2008\/06\/23\/gates-net-worth-tech-gates08-cx_af_0623fortune_slide.html\" target=\"_blank\" rel=\"noopener\">Forbes<\/a>, Microsoft co-founder Bill Gates had a net worth of $63 billion in 2000. Not until 2008 did Gates fall from his perch atop the rankings of the world&rsquo;s richest people, a position he had held for thirteen years.<\/p>\n<p>In other words, <a href=\"https:\/\/www.westernjournal.com\/elon-musk-better-patriot-99-dems-still-dead-wrong-one-key-issue\/\" target=\"_blank\" rel=\"noopener\">Musk&rsquo;s<\/a> latest foray into politics proved immediately and spectacularly costly.<\/p>\n<p>Dan Ives, global head of technology research at Wedbush Securities, told CNBC that investors dislike Musk&rsquo;s political ambitions.<\/p>\n<p>&ldquo;Very simply Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that Tesla investors\/holders want him to take during this crucial period for the Tesla story,&rdquo; Ives wrote in a note Sunday.<\/p>\n<p>Musk, of course, spent months leading Trump&rsquo;s Department of Government Efficiency.<\/p>\n<p>However, the president&rsquo;s &ldquo;<a href=\"https:\/\/www.westernjournal.com\/hakeem-jeffries-breaks-house-record-still-fails-stop-big-beautiful-bill\/\" target=\"_blank\" rel=\"noopener\">Big Beautiful Bill<\/a>,&rdquo; signed into law on Friday, created a <a href=\"https:\/\/www.westernjournal.com\/back-trump-musk-feud-reignites-big-beautiful-bill\/\" target=\"_blank\" rel=\"noopener\">rift<\/a> between the once-close allies.<\/p>\n<p>The debt-conscious <a href=\"https:\/\/www.westernjournal.com\/elon-escalates-war-big-beautiful-bill-kill-bill\/\" target=\"_blank\" rel=\"noopener\">Musk<\/a> has denounced the bill as a bloated product of the Washington, D.C., Uniparty&rsquo;s spending.<\/p>\n<p>On general principles, of course, one may sympathize with Musk. After all, conservatives and Trump supporters largely prefer a much <a href=\"https:\/\/amzn.to\/3YuVZYV\" >smaller federal government<\/a> than what currently exists.<\/p>\n<p>Nonetheless, Musk&rsquo;s America Party amounts to an absurd vanity project.<\/p>\n<p>Sunday on his social media platform X, for instance, Musk <a href=\"https:\/\/www.westernjournal.com\/elon-musk-confirms-new-third-partys-official-stance-gun-ownership\/\" target=\"_blank\" rel=\"noopener\">confirmed<\/a> the new party&rsquo;s stance on gun ownership.<\/p>\n<p>For the record, he called the Second Amendment &ldquo;sacred.&rdquo; But that hardly matters, for political platforms do not work that way.<\/p>\n<p>The Republican Party formed in 1854 because Whigs refused to take a stand on keeping slavery out of the territories. That one issue brought Northern voters together. And it worked. Six years later Republicans elected <a href=\"https:\/\/www.westernjournal.com\/lincoln-project-bashes-trumps-latest-move-finds-abraham-lincoln-thing\/\" target=\"_blank\" rel=\"noopener\">Abraham Lincoln<\/a> president.<\/p>\n<p>Political action comes from many motivated individuals. One man, no matter how powerful, cannot fashion a political party from whole cloth in the way Musk appears intent on doing.<\/p>\n<p>As for the possible consequences of Musk&rsquo;s America Party, at this point that would amount to pure speculation.<\/p>\n<p>Should Musk pour hundreds of millions of dollars into the 2026 midterm elections &mdash; targeting &ldquo;just two or three Senate seats and eight to 10 House districts,&rdquo; as he said on Saturday, per CNBC &mdash; he could conceivably tilt the balance in Congress.<\/p>\n<p>But what exactly would that mean? How would those candidates vote? If their politics reflect Musk&rsquo;s, could we conceive of any major issue on which they would align with Democrats?<\/p>\n<p>Moreover, looking ahead to 2028, when Trump will not appear on the ballot, Musk&rsquo;s relationship with Vice President <a href=\"https:\/\/www.westernjournal.com\/ap-vance-blames-california-dems-violent-immigration-protests-calls-sen-alex-padilla-jose\/\" target=\"_blank\" rel=\"noopener\">J.D. Vance<\/a> and other young leaders in the president&rsquo;s MAGA movement will matter more than the Tesla CEO&rsquo;s shattered friendship with the president.<\/p>\n<p>In short, one cannot hope to predict what Musk will accomplish via his new America Party, and it will cost him a great deal of money in the meantime.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2024 election showed that, by a narrow margin, more Americans want to preserve Western civilization than to undermine it. However, good intentions can sometimes lead to negative outcomes. CNBC reports that Elon Musk, Tesla&#8217;s CEO and former political ally of President Donald Trump, has caused Tesla&#8217;s market value to drop by over $68 billion after announcing the creation of a new political group called the &#8220;America Party.&#8221; On Monday alone, Tesla&#8217;s stock fell nearly 7%, driving this massive loss in market capitalization. In the 2024 election cycle, Musk contributed $288 million to support Trump and Republican candidates, according to The Washington Post<\/p>\n","protected":false},"author":1,"featured_media":2456954,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/07\/Elon-Musk-4.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[50410,32192,58550,39978,3634],"class_list":["post-2456953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-controversy-2","tag-elon-musk","tag-new-party","tag-political-spending","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/07\/Elon-Musk-4.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2456953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2456953"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2456953\/revisions"}],"predecessor-version":[{"id":2456957,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2456953\/revisions\/2456957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2456954"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2456953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2456953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2456953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}