Will Musk's third party drive Trump crazy? Will it escalate the conflict between Trump and Musk, affecting the risk market?

Personally, I don't think so. Although it seems that Musk is extremely dissatisfied with Trump and the big beautiful plan, Musk's actions have not touched Trump's bottom line. Trump's bottom line was stated during their first argument: if Musk sponsors the Democrats, he will face very serious consequences.

Aside from the sponsorship of the Democrats, even if Musk is preparing to establish a new party or even openly vote, it is not significant for Trump. Although everyone is saying that Musk is establishing a "third party," in reality, there are many parties in the United States; Musk is just the N+1 party.

The term "third party" is used because the media believes Musk has enough financial resources and influence to elevate his party to a level just below the Republican and Democratic parties. Even if this situation is achieved, threatening the Republican or Democratic parties is still not something that can be accomplished in the short term.

Additionally, Musk is not likely to become the President of the United States. Musk's actions may make Trump unhappy and may accumulate Trump's anger, but they are not enough to drive Trump crazy.

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