Elon Musk said a new political party he has been threatening to start up “is formed,” a day after President Donald Trump signed a tax-cut and spending bill that the Tesla Inc. billionaire chief executive officer has denounced.
Musk made the announcement on his X social network after posting the results of a poll on the platform that he said showed 65% of respondents in favor of creating an America Party.
“You want a new political party and you shall have it!” he said Saturday. “Today, the America Party is formed to give you back your freedom.”
Musk, the world’s richest man, didn’t provide details. He floated the idea as Congress prepared to pass Trump’s budget package, which will end a popular $7,500 consumer tax credit for electric vehicle purchases this year.
Read more: https://www.bloomberg.com/news/articles/2025-07-05/musk-declares-america-party-formed-after-trump-s-bill-passes
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