Musk would need to overcome many hurdles to establish a third party. Similar efforts, including the late billionaire Ross Perot’s, haven’t lasted.

Within the course of a few weeks, Elon Musk has gone from a close confidante of President Donald Trump to his apparent political enemy. There is no clearer evidence of this than Musk's intention to start a third-party movement to fight against the Democrats and Republicans;

Due to disappointment with his former ally Donald Trump - and his enormous domestic policy bill - Musk has suggested that he would form the “America party” the day after the bill passes. Musk has said he wants to build a fiscally conservative party,