Elon Musk Launches New Political Party

Elon Musk says he is launching a new political party.

The Tesla CEO says he formed the new political party after falling out with US President Donald Trump over the ‘One Big Beautiful Bill’.

His announcement comes a day after Donald Trump signed into law his sweeping tax cut and spending bill.

Musk said he had set up the America Party as a challenge to the Republican and Democratic two-party system. The announcement came a day after Donald Trump signed into law his sweeping tax cut and spending bill.

Al Jazeera reports: Musk in a post on X on Saturday declared the formation of the “America Party“, to “give back” the people of the US their freedom and challenge what he called the nation’s “one-party system”.

He cited a poll, uploaded on Friday – the US’s Independence Day – in which he asked whether respondents “want independence from the two-party (some would say uniparty) system” that has dominated US politics for some two centuries.

The yes-or-no survey earned more than 1.2 million responses.

“By a factor of 2 to 1, you want a new political party and you shall have it!” Musk wrote on Saturday.

“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,” he declared.

The move comes amid a worsening of the feud between the world’s richest man and Trump over the new budget law, which the Tesla and SpaceX CEO said would bankrupt the US.

Musk was Trump’s main campaign financier during the 2024 election, and led the Department of Government Efficiency from the start of the president’s second term, aimed at slashing government spending.

The two have since fallen out spectacularly over disagreements about the “Big, Beautiful Bill”.

Musk said previously that he would start a new political party and spend money to unseat lawmakers who supported the bill, which experts say will pile an extra $3.4 trillion over a decade onto the US deficit.