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Trump dismissed the news as “ridiculous” and said a third party would just “add to the confusion.” He later posted on social media: “I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks.”
Donald Trump’s former ally, Elon Musk, is carrying out his threat to form a new political party after his split with the US president over a new spending bill.
Musk announced the creation of the America Party on Sunday, two days after sweeping Republican-backed tax cuts were signed into law. Musk called the bill “insane” and accused Republicans of “bankrupting” the country with “waste and graft.”
Trump dismissed the news as “ridiculous” and said a third party would just “add to the confusion.” He later posted on social media: “I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks.”
New political parties typically struggle to pull any significant support away from the Republican and Democratic parties. But Musk, the world’s richest man, who spent at least US$250 million supporting Trump in the 2024 election, could impact the 2026 midterms if he is willing to spend significant amounts of money.
His reignited feud with the president could also be costly for Musk, whose businesses rely on billions of dollars in government contracts, and the publicly traded company Tesla has taken a hit in the market.
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It wasn’t clear whether Musk had taken steps to formally create the new political party. Spokespeople for Musk and his political action committee, America PAC, didn’t immediately comment Sunday.
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