Elon Musk, the tech mogul behind companies such as Tesla and SpaceX, has taken a significant step into the political arena by launching a new political party called the ‘America Party.’ This move comes in the wake of a high-profile public falling out with U.S. President Donald Trump, who recently signed a sweeping tax cut and spending bill into law. Musk has expressed strong opposition to this legislative act, which has led to the formation of the new political party. The decision to start this new party comes just a day after Trump signed the tax cut and spending bill, which Musk has been vocal in his opposition to.
The announcement of the ‘America Party’ comes after Musk conducted a poll on X (formerly known as Twitter), asking his followers if he should create a new political party. The results were overwhelmingly in favor of the new party, with Musk stating that the support was by a factor of 2 to 1. Musk emphasized that the party’s purpose is to challenge the existing two-party system and restore what he describes as ‘freedom’ for American citizens. He believes that the current political landscape is plagued by corruption and inefficiency, which he says has led to a situation where the country is being ‘bankrupted with waste and graft.’
The strained relationship between Musk and Trump has its roots in several key events. Initially, Musk was a vocal supporter of Trump’s re-election bid and held a high-profile role in the U.S. government’s Department of Government Efficiency (DOGE). However, this relationship deteriorated significantly after Musk’s departure from DOGE in May, citing the end of his ‘scheduled time.’ At first, Trump praised Musk as ‘one of the greatest business leaders and innovators the world has ever produced,’ but the relationship quickly turned sour after the U.S. House of Representatives passed the ‘One Big Beautiful Bill Act.’ This act, which Trump signed into law on Friday, was vehemently opposed by Musk, who called it a ‘massive, outrageous, pork-filled Congressional spending bill’ and a ‘disgusting abomination.’ He argued that the bill’s spending would increase the ‘already gigantic budget deficit’ and place an unsustainable debt burden on American citizens.
Adding to the tension earlier this week, Trump threatened to cut off billions of dollars in federal subsidies to Musk’s companies and even hinted at the possibility of deporting the South Africa-born entrepreneur. This development has further exacerbated the already tense relationship between Musk and Trump. Despite this, Musk remains undeterred, as he has expressed his commitment to running the America Party and challenging the existing political system. The party remains unregistered with election authorities, but Musk has signaled that it is poised for launch next year. The situation continues to develop as both parties continue to take their respective stances on the matter.