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.

President Trump said Elon Musk's new third party is "good for me" but maybe not for other Republicans during a press conference.

If you’re old enough, you’ve seen this movie: An eccentric billionaire, full of bile and nursing grudges against the incumbent Republican president, wants to create a third major political party and shake up the system.

Washington Examiner Senior Writer Joe Concha predicted Tesla CEO Elon Musk would not elect even one representative to Congress via his new political party. Musk conducted a poll on X Saturday that found 65.