The tech billionaire, who has publicly feuded with President Trump, wrote on social media that he would be creating “the America Party,” though he hadn’t yet filed paperwork.

SpaceX and Tesla boss Elon Musk, who is a former ally of President Donald Trump, said on Saturday that he launched a new political party in the United States to challenge what the tech billionaire described as the country’s “one-party system.”

"I believe that the boards of directors at his various companies wanted him to come back and run those companies, which he is better at than anyone," Bessent said of Musk's depart