President Donald Trump and Elon Musk are trading public insults after the Tesla billionaire suggested he'll create a new political party, "America Party."

Tesla shares fell on Monday after the electric-car maker’s chief executive Elon Musk said he would form a new political party, escalating a feud with US President Donald Trump.

Elon Musk's new political party could split the right-wing vote but is unlikely to succeed in any major way, experts have told Newsweek. While Musk cannot run for president because he was born in South Africa,