Media: Musk may stop funding Trump's political campaigns

Due to disagreements with US President Donald Trump, Elon Musk may withdraw his promise to transfer $100 million to structures associated with him and the Republicans, Report informs via The New York Times.

The spectacular blowup on Thursday between President Trump and Elon Musk has ripped apart a shaky alliance between two of the world’s most powerful men. Their feud could have far-reaching consequences if it drags on or even escalates.

After spending more than $250 million to help elect the president, Musk could just as easily fund campaigns against Republicans. He has called Trump’s domestic policy bill a “disgusting abomination,” and on Thursday attacked Republican congressional leaders on X, his social media company. (Musk could also withhold the final $100 million of his pledge to support Trump.)

On Thursday afternoon, Musk posted a poll on X, asking whether it was time “to create a new political party in America that actually represents the 80% in the middle.” More than 80 percent of the nearly two million respondents so far have voted “yes.” And responding to a post suggesting that “Trump should be impeached,” Mr. Musk said: “Yes.” (It was not entirely clear whether he was agreeing with impeachment or with another part of the post.)