The world’s richest man, Elon Musk announced the formation of a new political entity called the “America Party,” challenging the dominance of the two major US parties, the Republican and Democratic parties.
The move came just a day after President Trump signed a landmark tax-and-spend measure—a bill Musk criticized as deepening national debt. In a July 5 post on X, Musk wrote, “Today, the America Party is formed to give you back your freedom,” citing overwhelming support (around 65% from 1.2 million respondents) in a platform-wide poll.
He added that the party would target specific congressional races—2–3 Senate seats and 8–10 House districts—to influence closely contested votes.
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President Donald Trump responded sharply, calling Musk’s move “ridiculous” and “off the rails,” warning that a third party would bring “complete and total disruption & chaos.” On Truth Social, he lamented Musk’s break from the GOP, saying third parties “have never succeeded” in America.
Despite enthusiasm, experts caution that US ballot-access laws and deep-rooted partisan structures pose significant hurdles. Each state has its own requirements—some demanding tens of thousands of petition signatures or performance thresholds in prior elections.
Still, Musk’s wealth and tech influence could allow for a focused attack on select races. Billionaire Mark Cuban and former Trump aide Anthony Scaramucci have expressed potential support.
Tesla stock fell roughly 7% following Musk’s announcement, as analysts warned his political ambitions could distract from core business priorities.
