CNN’s chief data analyst has poured cold water on Elon Musk’s lofty ambitions to launch a new “America Party.” Harry Enten told CNN News Central anchor John Berman on Monday that only 4 percent of voters like Musk and dislike the Republican Party—a minuscule base as Musk tries to take revenge against the Republican Party for passing Trump’s “big beautiful” spending package.

President Trump commented on reports that Elon Musk plans to found a new political party called the "America Party after the GOP passed its "Big, Beautiful Bill." "He can have fun with it, but I think it's ridiculous,

Coming into Monday trading, Tesla stock was up 25% since the Nov. 5 election, down 22% year to date, up 17% since news that Musk was likely to leave DOGE in early April, and down 8% since a spat broke out between Trump and Musk on social media in early June.