Multibillionaire tech CEO Elon Musk has launched a new US political party called the America Party.
He says he purposefully launched the America Party to challenge what he described as the US’s ‘one-party system’
Musk’s new party will likely focus on picking up House and Senate seats in the midterm elections next year. He is not the first person trying to break the United States’ two-party system.
“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,” he posted on X, the social media platform he owns, on Saturday.
The Tesla and SpaceX CEO floated the idea of forming a new political party after a public and bitter falling-out with President Donald Trump.
He revived the idea shortly after the US lawmakers approved Trump’s sweeping tax and spending bill.
Musk was among the legislation’s most vocal critics and has pledged to establish a new party to oppose Republicans who supported the bill.