Elon Musk, the Tech billionaire has announced the launch of a new political movement, the ‘America Party,’ vowing to challenge what he calls a broken and corrupt two-party system in the United States.
Musk, once a key ally of President Donald Trump and former head of the now-defunct Department of Government Efficiency (DOGE), declared the party’s formation in a post on X Saturday evening, following a widely watched online poll.
‘When it comes to bankrupting our country with waste and graft, we live in a one-party system, not a democracy,’ Musk wrote.
‘Today, the America Party is formed to give you back your freedom,’ he added.
The announcement comes just a day after Trump signed a controversial tax and spending bill, which Musk publicly opposed and lobbied against.
The CEO of Tesla and SpaceX had led efforts during Trump’s second term to significantly cut federal spending and reduce the size of government.
However, the relationship between the two has soured, with Trump reportedly threatening to withdraw government subsidies for Musk’s companies.
Despite previously investing heavily in support of Trump’s re-election, Musk has now committed to using his extensive resources to back candidates aligned with the America Party and to challenge those he views as endorsing “fiscally reckless policies.”
“By a factor of 2 to 1, you want a new political party—and you shall have it,” he posted earlier, referring to the results of his online poll.
Republican insiders are concerned that the new party could divide the conservative vote and jeopardize the Republican majority in the 2026 midterm elections, especially if Musk follows through on his promise to financially support challengers across both parties