Elon Musk and the "America Party":

• New Political Party: Elon Musk has announced the formation of a new political party, "The America Party."

• Market Reaction: Tesla stock has seen a dip following this announcement, with some investors seemingly unsettled by Musk's political ambitions.

• Trump's Response: President Trump has publicly criticized Musk's political venture, calling it "ridiculous" and saying Musk has gone "off the rails."