Elon Musk has launched the "America Party" after fallout with Donald Trump over a huge spending bill. Here's what we know so far, in 5 key takeaways. (Image courtesy: X/@elonmusk)
On Saturday, world’s richest man Elon Musk took to his social media platform X to announce the launch of a new political party, saying, “Today, the America Party is formed to give you back your freedom.”
The move comes after a dramatic falling out with President Donald Trump in public view over a sweeping tax and spending bill that Musk had fiercely opposed. Until recently, the billionaire entrepreneur had been a major Trump supporter and reportedly his largest individual campaign donor.
Trump’s newly signed tax bill, dubbed “big and beautiful”, was the tipping point. Musk, who previously ran the Department of Government Efficiency (DOGE), had warned that the bill would increase the deficit by $2.5 trillion.
“This will bankrupt the country,” Musk had said in a post on X.
Despite briefly apologising and deleting posts, tensions reignited between the duo as the bill neared passage.
As of now, there’s no official record of Musk registering the America Party with the US Federal Election Commission, but he has hinted at plans to field candidates in key 2026 House and Senate races, according to the US media reports.
ALSO READ: Elon Musk Launches ‘America Party’ To Counter Democrats, Republicans
“The way we’re going to crack the uniparty system is by using a variant of how Epaminondas shattered the myth of Spartan invincibility at Leuctra,” Musk wrote, referring to a historic military strategy.
He is now calling for “extremely concentrated force at a precise location.”
The seemingly reigniting Trump-Musk feud has spooked investors, with Tesla shares dropping sharply after the split became public, Reuters reported. Meanwhile, Republicans are worried that Musk’s apparent defection could hurt them in 2026.
Meanwhile, Trump has retaliated, threatening to cut off government subsidies to Musk’s companies.
There is, however, no word yet from Trump on Musk’s latest announcement.
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