Elon Musk, the world’s richest person, has once again taken to social media to express his strong opposition to President Trump’s proposed megabill. The billionaire entrepreneur, who previously held a position in the Trump administration, has announced his intention to form a third-party political movement he calls the ‘America Party’ if the legislation is enacted. Musk has criticized the bill for its potential to increase the national debt significantly and for its negative impact on the renewable energy industry.