President Trump slammed the tech billionaire's announcement that he's forming a third political party. Here's what to know about the America Party.

Hello, this is Victor Davis Hanson for The Daily Signal. Elon Musk, as we all know now, has had a rupture. The friendship between himself and President Donald Trump has been ruptured. Now, they’re not just frenemies, but they’re kind of hostiles. And they’re going back and forth against each other.

Tesla's stock, which hit a record high in December after Trump's November re-election, has lost 35 per cent since then, making it the worst-performing stock among "the Magnificent Seven" group of high-growth U.S. companies this year.