Elon Musk announced he will create a new political party in the United States just weeks after a public fallout with US President Donald Trump.
The tech mogul announced on his social media platform X that he had set up a party called the America Party, which is formed to “give you back your freedom,” Musk wrote on Saturday.
Musk said that the party would challenge the two-party Republican and Democratic system. It is unclear if America Party has been formally registered with election authorities, but he said it would launch “next year”.
The move comes after he asked his followers on July 4 if he should create a political party.
“By a factor of 2 to 1, you want a new political party and you shall have it!
"When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Must wrote on X.
After initially supporting Trump in his re-election bid, both publicly on X and financially, Musk had a high-profile role in the US government’s Department of Government Efficiency (DOGE).
But in May, Musk announced he was leaving the government department, as it was the end of his “scheduled time” as a special government employee. Trump then praised him as "one of the greatest business leaders and innovators the world has ever produced".
However, on May 22, the relationship took a turn after the US House of Representatives passed a significant piece of legislation, a tax-cut and spending bill, which was signed into law by Trump on Friday.
The document, called the One Big Beautiful Bill Act, aims to fast-track policy around spending and has hundreds of proposed changes, such as tax cuts to changes in social benefits, such as health care.
Musk has called it a “massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination”.
Musk argued the bill's spending would increase the "already gigantic budget deficit" and "burden American citizens with crushingly unsustainable debt".
Earlier this week, Trump threatened to cut off the billion-dollar federal subsidies that flow to Musk's companies, and even hinted at considering to deport him.
