Cliff Notes
- Elon Musk has announced the formation of a new political party, named the America Party, following a poll on X, where he garnered significant support from his followers.
- This move comes after a public fallout with Donald Trump, which escalated following Musk’s criticism of Trump’s recent tax and spending bill.
- The former allies have seen their relationship deteriorate, with Trump expressing disappointment and threatening to withdraw federal subsidies from Musk’s businesses.
Elon Musk says he’s created his own political party – the ‘America Party’
Elon Musk says he has created a new political party – the America Party –
after asking his followers if he should do so in an online poll.
It follows his public falling out with Republican President Donald Trump.
On Friday, the billionaire had asked his followers on X whether a new US political party should be created.
On Saturday evening he wrote on the same platform: “By a factor of 2 to 1, you want a new political party and you shall have it!
“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.
“Today, the America Party is formed to give you back your freedom.”
He made the announcement just one day after President Trump signed a tax-cut and spending bill into law on Friday, which the chief executive officer of Tesla had fiercely opposed.
Musk backed Trump’s election campaign with more than a quarter of a billion dollars, later rewarded with a high profile role running the newly created department of government efficiency (DOGE).
But observers of the two men, both with huge wealth and reputations, wondered how long the bromance would last.
In May Musk left the role, still on good terms with Trump but criticising key parts of his legislative agenda.
After that the attacks ramped up, the feud boiling over in June when Trump said he was “very disappointed in Elon”.
Trump earlier this week threatened to cut off the billion-dollar subsidies that Musk’s companies receive from the federal government.
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