ELON MUSK LAUNCHES NEW POLITICAL PARTY, “AMERICA PARTY”, IN CHALLENGE TO TRUMP
Billionaire Elon Musk has announced the formation of a new political party, the “America Party”, amid a growing public rift with US President Donald Trump. The party’s launch comes after Trump signed a sweeping tax cut and spending bill, known as the “One Big Beautiful Bill”, into law, which Musk fiercely opposed. Musk revealed the development on his social media platform, X, citing a poll he conducted that showed overwhelming support for a new party. “By a factor of 2 to 1, you want a new political party and you shall have it!” he posted. “Today, the America Party is formed to give you back your freedom.” The Tesla and SpaceX CEO had previously threatened to launch a new party or fund candidates vying against Republicans in the midterm polls if Trump signed the bill into law. Musk described the legislation as “insane” and warned that it would increase America’s budget deficit by trillions of dollars. The feud between Musk and Trump reignited after Trump pushed Republicans in Congress to pass the bill, despite Musk’s vocal opposition. Trump even threatened to deport Musk, a South African-born US citizen, and strip federal funds from his businesses. Musk’s new party aims to challenge the country’s “one-party system”, which he believes is dominated by the Democratic and Republican parties. “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk posted. The impact of the new party on the 2026 mid-term elections and the presidential vote in 2028 remains unclear. However, Musk has vowed to “laser-focus” on vulnerable lawmakers and potentially become the deciding vote on key legislation.