Washington: Billionaire entrepreneur Elon Musk on Friday announced the formation of a new political party, the “America Party,” declaring his intention to reshape the American political landscape and end what he described as a corrupt, two-party monopoly. The move comes amid an escalating feud with President Donald Trump, who Musk previously supported but has now broken with over fiscal and ideological differences.
In a message posted on his social media platform X, Musk wrote, “Today, the America Party is formed to give you back your freedom.” The announcement followed an online poll he conducted on Independence Day, in which around 1.2 million respondents backed the idea of a third political party by a nearly 2-to-1 margin. Musk added, “We live in a one-party system masquerading as two. It’s time for change.”
The announcement marks a rare move by a tech billionaire into formal political organizing. Musk, who previously donated hundreds of millions to Republican candidates and served as the head of Trump’s Department of Government Efficiency, said he could no longer support the direction the president was taking, particularly after the passage of Trump’s new tax-and-spending bill, which Musk sharply criticized as irresponsible and damaging to the country’s long-term economic stability.
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.
Today, the America Party is formed to give you back your freedom. https://t.co/9K8AD04QQN
— Elon Musk (@elonmusk) July 5, 2025
“The final straw,” Musk said, “was the ‘One Big Beautiful Bill.’ It’s a fiscal time bomb.”
Sources close to the matter say Musk intends to adopt a targeted strategy, contesting only a few carefully selected races in the 2026 midterms—specifically, two or three Senate seats and around eight to ten House districts. The idea is to leverage influence through slim margins and act as a “balancing force” rather than immediately try to replace either of the dominant parties.
Trump, meanwhile, lashed out at Musk in a series of public statements, warning that Musk’s companies—including Tesla and SpaceX—could face consequences if he continued to oppose Republican incumbents. Reports also suggest that pro-Trump Super PACs are being formed to counteract Musk’s emerging influence in conservative districts.
Political analysts have been quick to point out the challenges Musk faces. While his wealth and public following are undeniable assets, establishing a new party comes with significant legal and logistical hurdles. Ballot access laws vary by state, and third-party movements in US history have rarely succeeded in maintaining lasting electoral momentum.
Despite the steep road ahead, Musk appeared undeterred. “This isn’t about left or right,” he said in a follow-up post. “It’s about breaking the uniparty that serves donors and lobbyists instead of the people.”
As of now, no formal filings have been made with the Federal Election Commission, nor have any candidates been named under the America Party banner.
