Part 3/14:
Elon Musk’s announcement of his third-party effort has been met with skepticism. The entrepreneur’s plan, dubbed the American Party, is viewed by critics as a "fool’s errand" that's unlikely to gain traction in the deeply bipartisanship-driven U.S. political landscape. The movement is seen more as an ego boost for Musk, aiming to demonstrate influence rather than a genuine pathway to change. Supporting this view, Musk’s Tesla stock took a 7% dip following the announcement, signaling investor disapproval or a lack of confidence in his political ambitions.