As a billionaire with a net worth of 40 billion dollars, Musk needs to think carefully. For someone who is politically inexperienced, the worst outcome of trying to make a name for himself in the United States could be losing both his money and his reputation.

American entrepreneur Musk announced the establishment of a new political party called "The America Party," which not only challenges the current president of the United States, Trump, but also challenges the Republican and Democratic parties. It's really interesting these days; the president, Trump, is selling virtual currency and phones, while the electric car manufacturer wants to enter politics.

However, Musk did not receive the first wave of external support, but rather received betrayal from business partners. American venture capitalist James Fishback announced that his investment company temporarily canceled transactions linked to Tesla, including an exchange-traded fund. The reason is simple: he believes that as CEO of Tesla, Musk should focus on performance rather than having "fantasies" about politics. This is clearly implying that if Musk wants to enter the political arena, he should leave Tesla or at least step down from his position.

Recently disclosed Forbes' July global top ten richest list also gave Musk a warning. The list shows that the US stock market rose in June, leading to a recovery in the wealth of other billionaires. However, Musk became the "biggest loser," with his wealth shrinking by 16 billion dollars, now reaching 407 billion dollars.

Regarding Musk's establishment of "The America Party," there are currently three things we know.

First, the purpose of Musk establishing a new party is to become a key "third party." At present, the Republican and Democratic parties hold absolute majority seats in Congress. "The America Party" aims to win some key positions, thus using the advantage of "key minority" to influence major legislation through voting. As Musk put it, this is to ensure that "true people's interests are represented."

The second thing is that the current US president, Trump, is very upset. He publicly criticized Musk's actions, saying they are just for "entertainment" and that creating "The America Party" is absurd. Interestingly, the unconventional Trump himself has said more than once that he wants to create a new party. It seems that Musk has taken the spotlight from him, so Trump feels a bit envious.

The third thing is that for Musk, the creation of "The America Party" is full of uncertainties. Supporters believe that Musk can shake up the pattern of the two major parties taking turns in power in the United States, while opponents mock Musk for being unrealistic. There are indeed other parties in the United States, but they are eliminated during the presidential primary elections. Therefore, what ordinary people know is the competition between the Republican candidate Trump and the Democratic candidate Biden.

Wall Street capital has already fired the first shot at Musk. Previously, Musk managed the "Office of Government Efficiency" for Trump in the White House, which caused a significant drop in performance, and Tesla's stock price also dropped significantly. Now that Musk has just left the White House, he has caused this situation again. Investors' concerns about Musk are normal.

Let me share my personal opinion. It's good that Musk has ideas and dares to take action. As the saying goes, "In times of chaos, heroes emerge." The US political arena needs such fresh blood. However, the path of entering politics is not easy at all, and it can even be extremely dangerous. One might not only suffer disgrace and lose their 40 billion dollar fortune, but their life could also be threatened.

Original article: https://www.toutiao.com/article/7524161796110926355/

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