President Donald Trump delivered a brutal takedown of Elon Musk’s plans to launch a third party Sunday evening - calling his former ally a ‘train wreck.’ In a lengthy Truth Social tirade, Trump said Musk has gone ‘off the rails’ in recent weeks, and repeated his theory that the tech mogul’s problem with the sweeping tax bill signed into law on Friday was its elimination of incentives for electric vehicles. “I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump wrote. “He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States – The System seems not designed for them,” he added. “The one thing Third Parties are good for is the creation of Complete and Total DISRUPTION & CHAOS, and we have enough of that with the Radical Left Democrats, who have lost their confidence and their minds!” Trump first addressed Musk’s plans for the new-found “America Party” during a press gaggle Sunday afternoon before he boarded Air Force One. “I think it’s ridiculous to start a third party,” Trump said, adding later: “So he can have fun with it, but I think it’s ridiculous.” Musk responded to Trump’s critique on his own social media platform, X, writing: “What the heck was the point of @DOGE if he’s just going to increase the debt by $5 trillion??” It one of the latest acts of hostility between the once inseparable colleagues, Musk announced the new party on Saturday in response to the reconciliation package, of which he has been a vocal opponent. “By a factor of 2 to 1, you want a new political party and you shall have it,” Musk wrote Saturday afternoon, referencing an earlier poll he conducted on X. “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.” “Today, the America Party is formed to give you back your freedom,” he added. The pair have sparred over the contents of the bill for weeks, with the president claiming that the billionaire’s opposition stems from the removal of tax credits for customers who bought EVS. “It is a Great Bill but, unfortunately for Elon, it eliminates the ridiculous Electric Vehicle (EV) Mandate, which would have forced everyone to buy an Electric Car in a short period of time,” Trump wrote in his post.. “I have been strongly opposed to that from the very beginning.” This is a breaking story...