"When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk said in the announcement.

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the president’s sweeping tax cuts law.

Billionaire Elon Musk is floating a new political party dubbed the "America Party" — but the idea could face major hurdles.

A giant bust of Elon Musk appeared in Arches National Park over the weekend with a sign protesting DOGE cuts.

Elon Musk suggested a third political party, which he’s floated as the “America Party,” will hold significant sway in the Senate and House under slim Republican margins, as he aspires to form a competing party after breaking with the GOP over President Donald Trump’s signature policy bill.

After Trump described the Epstein saga as a "hoax," Musk wrote: "Wow I can’t believe Epstein killed himself before realizing it was all a hoax."

GOP lawmakers voiced concern that Elon Musk could use his endless pockets to drive a wedge among conservatives with his America Party.

The timing was no coincidence. On July 3, Congress passed President Donald Trump’s signature legislation, the so-called “One Big Beautiful Bill,” a sweeping package that includes massive spending cuts, the end of clean energy subsidies, and controversial changes to social safety net programs. Trump signed the bill into law on July 4.

Elon Musk and President Donald Trump in happier times in the Oval Office last May. Musk said he’s carrying out his threat to form a new political party after his fissure with Trump, announcing ...

The most radical thing about Elon Musk this month is his staggering unpopularity. Public opinion of the world’s richest man fell by 66 points since his foray into politics, according to a CNN poll released Thursday.