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Elon Musk has strongly denied holding any personal loans against his Tesla stock, but warned of a far more pressing concern: activist investors potentially ousting him from the electric vehicle and AI company he built into a tech titan.  As legal and governance challenges mount, Musk’s remarks lay bare a deep anxiety about losing control at a time when Tesla is doubling down on artificial intelligence, robotics, and autonomous innovation. File Photo Source: AF Post Responding to a post by Tesla Owners Silicon Valley suggesting that a significant portion of his 21.2% shareholding is pledged, Musk clarified, “Just FYI I don’t have personal loans at this time against Tesla stock.”  He added that his net gain in voting control -- despite stock option exercises -- would be just 4%, due to a crushing 45% tax rate on those options. But Musk’s core concern isn’t about finances -- it’s power. “It is worrying in that I don’t want to build millions of robots and then potentially be oust...

The political alliance between Donald Trump and Elon Musk publicly fractured this week after the U.S. President signed a sweeping tax and spending bill on July 4, 2025, eliminating a key $7,500 tax credit for electric vehicle (EV) purchases—directly impacting Musk's Tesla.  The move triggered an aggressive response from Musk, who accused Washington of betraying future industries in favor of the past, and announced plans to launch a third political party—named the “America Party”—to challenge lawmakers who backed the legislation. Image Source: TrumpRealDaily on X Trump, in turn, unleashed a volley of attacks, accusing Musk of going “off the rails” and aligning with the “radical left,” despite Musk’s prior public endorsement of his re-election. The bill, which adds an estimated $3 trillion to the U.S. debt and raises the debt ceiling by $5 trillion, is a cornerstone of Trump’s post-2024 economic agenda. The President defended it as a blow against “EV mandates” and a step toward rest...

Tech billionaire Elon Musk has officially announced the formation of a new political group — the ‘America Party’ — in what appears to be a sharp pivot away from his once-close alignment with former U.S. President Donald Trump. Image Source: SupaMusk203 on X The move comes amid rising tensions between the two high-profile figures and growing discontent over the entrenched U.S. two-party system. Describing his new initiative as a challenge to what he calls a "uniparty," Musk said the America Party aims to “give you back your freedom.”  The announcement, made via his social media platform X on July 4, was timed symbolically with America’s Independence Day — a signal that Musk sees this movement as a kind of political revolution. A poll Musk posted on the platform asking users if they supported “independence from the two-party (some would say uniparty) system” drew over 1.2 million responses. Nearly two-thirds voted in favor.  He later declared, “By a factor of 2 to 1, you wan...