Musk says he is forming new political party after fallout with Trump

WNN — Billionaire Elon Musk said Saturday he is forming a third political party, after a dramatic falling out with Donald Trump, indicating he will make good on threats he made if the president’s domestic policy bill became law.

“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Trump’s former “first buddy” said on his social media platform, X. “Today, the America Party is formed to give you back your freedom.”

“I think it’s ridiculous to start a third party. We have a tremendous success with the Republican Party,” Trump said ahead of boarding Air Force One in New Jersey on Sunday. “The Democrats have lost their way, but it’s always been a two-party system, and I think starting a third party just adds to confusion.”

Musk said in other posts to social media this week that his party would become an active political force during next year’s midterm elections and that it would initially focus on supporting candidates in just a handful of House and Senate races. Trump, in turn, has made his own threats against the man who at one point was his most visible adviser. The president said earlier this week the government may reconsider its massive contracts with Musk’s companies and described the Department of Government Efficiency, which the billionaire previously helmed, as a monster that may “go back and eat Elon.”