Billionaire Elon Musk announced Saturday the formation of a third political party, breaking ties with President Donald Trump after a public clash over a sweeping domestic policy bill signed into law Friday.
Musk, who named the new group the “America Party,” made the declaration on X, calling the current system “a one-party state” that no longer reflects democratic values. “Today, the America Party is formed to give you back your freedom,” Musk posted.
The move follows a bitter split with Trump, who had relied on Musk as a top adviser and his largest individual donor during the 2024 campaign. Musk turned on the administration after criticizing the president’s bill for potentially ballooning the federal deficit. While tensions briefly cooled, they reignited this week as the legislation neared passage.
Trump dismissed Musk’s political pivot. “It’s ridiculous to start a third party,” he told reporters Sunday. “It just adds to confusion. Third parties have never worked.”
The president also hinted that the White House might reconsider federal contracts with Musk’s companies and questioned the future of the Department of Government Efficiency, which Musk previously led.
It remains unclear whether Musk has taken any legal steps to register his party with the Federal Election Commission. His announcement offered few details beyond promises of fiscal restraint and a vow to back select candidates in next year’s midterms.
Though the two men continue to share views on several cultural issues, Musk has accused Trump’s administration of pushing the country deeper into “debt slavery” with unchecked spending.
The U.S. political landscape has historically made third-party efforts difficult. While past attempts, such as Ross Perot’s 1992 presidential bid, have drawn significant support, they have failed to break the two-party stronghold.
Musk, however, appears undeterred. “The America Party will rise,” he wrote, signaling that his political ambitions are just beginning.
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