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Musk announces forming of 'America Party' in further break from Trump

Elon Musk Donald Trump United States America Tesla Inc. James Fishback Republican

Tesla CEO Elon Musk attends a cabinet meeting held by US President Donald Trump at the White House in Washington, DC, USA, on 30 April 2025. REUTERS - Evelyn Hockstein

The dispute between Republican President Donald Trump and his main campaign financier Elon Musk took another fractious turn on Saturday when the space and automotive billionaire announced the formation of a new political party, saying Trump's "big, beautiful" tax bill would bankrupt America.

A day after asking his followers on his X platform whether a new US political party should be created, Musk declared in a post on Saturday that "Today, the America Party is formed to give you back your freedom."

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