The America Party: Elon Musk says he's formed new political party
Elon Musk says he has launched a new political party 'to give you back your freedom'.
'By a factor of 2 to 1, you want a new political party and you shall have it!' Mr Musk wrote on Saturday on his social media platform X, after a poll of his followers found 65 per cent support.
'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom.'
Mr Musk offered no further details on the announcement.
The Tesla and SpaceX billionaire has been publicly toying with the idea of forming his own party in recent weeks after his dramatic breakup with US President Donald Trump over the 'Big Beautiful Bill'.
Elon Musk in the Oval Office. Picture: Allison Robbert/AFP
Mr Musk, who exited the Trump administration in May after spearheading the cost-cutting Department of Government Efficiency (DOGE) initiative, had lobbied for weeks for Republicans to vote against the 'utterly insane and destructive' tax and spending bill.
The nearly 900-page bill narrowly passed the Senate on Thursday and was signed into law by Mr Trump on Friday, America's July 4 Independence Day holiday.
'Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system! Should we create the America Party?' Mr Musk wrote in his poll question on Friday.
He went on to suggest that 'one way to execute on this would be to laser-focus on just 2 or 3 Senate seats and 8 to 10 House districts'.
'Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people,' he wrote.
Donald Trump and Elon Musk in March. Picture: Roberto Schmidt/AFP
Mr Musk had expressed fierce opposition to the spending legislation, and ruthlessly attacked its Republican backers for supporting 'debt slavery'.
He quickly vowed to launch a new political party to challenge lawmakers who campaigned on reduced federal spending only to vote for the bill, which experts say will pile an extra $US3.4 trillion over a decade onto the US deficit.
'They will lose their primary next year if it is the last thing I do on this Earth,' Mr Musk threatened last weekend. 'Time for a new political party that actually cares about the people.'
A few hours later, he posted, 'If this insane spending bill passes, the America Party will be formed the next day. Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE.'
After Mr Musk heavily criticised the flagship spending bill, Mr Trump threatened to deport the tech tycoon and strip federal funds from his businesses.
'We'll have to take a look,' the President told reporters when asked if he would consider deporting Mr Musk, who was born in South Africa and has held US citizenship since 2002.
Originally published as The America Party: Elon Musk says he's formed new political party
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