WASHINGTON, DC - MAY 30: Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Musk, who served as an adviser to Trump and led the Department of Government Efficiency, announced he would leave his role in the Trump administration to refocus on his businesses.  (Photo by Kevin Dietsch/Getty Images)
Share this @internewscast.com
Tesla founder and billionaire Elon Musk has announced the name of his new political party: The America Party.

The South African-born tech entrepreneur has been vocal about his desire to create a third major political party to contest the Republican Party and Democratic Party in the United States.

After pilot-testing the name of his party with a poll on his platform X (formerly Twitter), Musk declared he has now formed The America Party.

WASHINGTON, DC - MAY 30: Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Musk, who served as an adviser to Trump and led the Department of Government Efficiency, announced he would leave his role in the Trump administration to refocus on his businesses.  (Photo by Kevin Dietsch/Getty Images)
Tesla CEO Elon Musk announced the formation of The America Party. (Getty)

“By a factor of 2 to 1, you want a new political party and you shall have it!” Musk said.

“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.”

Musk spoke about how he would bring his new US party into power in a post late last week on X.

“One way to execute on this would be to laser-focus on just 2 or 3 Senate seats and 8 to 10 House districts,” he said.

“Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring they serve the true will of the people.”

Musk suggested his party could run during the 2026 midterm elections.

Political parties in the US only need to be registered with the Federal Election Commission if they raise or spend money over a certain threshold.

US President Donald Trump during a signing ceremony for the One Big Beautiful Bill Act on the South Lawn of the White House in Washington, DC, US, on Friday, July 4, 2025. Trump signed his $3.4 trillion budget bill into law Friday, enshrining an extension of tax cuts, temporary new breaks for tipped workers and funding to crack down on illegal immigration. Photographer: Bonnie Cash/UPI/Bloomberg
Musk spent hundreds of millions bankrolling Trump’s second presidential election campaign. (Bloomberg via Getty Images)

Musk spent US$277 million (approx. $422 million) of his own money in support of Donald Trump’s 2024 election campaign.

Musk has publicly opposed Trump’s ‘Big, Beautiful Bill’ which narrowly passed Senate last week and has critiqued the president’s economic policy on X.

Share this @internewscast.com
You May Also Like
Noel Edmonds and his wife Liz are preparing to wed for a fifth time as he proposed in a hot tub at their home in New Zealand

Noel Edmonds, 76, Plans Fifth Wedding with Wife Liz, 55, After Romantic Hot Tub Proposal in New Zealand

Noel Edmonds and his wife Liz are preparing to wed for a fifth…

Devastating Texas Floods: Over 32 Lives Lost and Many Children Still Unaccounted For

US authorities say 32 people, including 14 children are confirmed dead after…
A concerned Melbourne father has uncovered that alleged paedophile Joshua Brown worked at his daughter's childcare last year.

“You Feel Disturbed”: Melbourne Dad Finds Alleged Pedophile Next to His Daughter

A concerned Melbourne father has uncovered that alleged paedophile Joshua Brown worked…

Tour de France Stage 1 Recap: Philipsen Triumphs in Windy Start, Evenepoel Caught in Breakaway

There were mixed outcomes for the multitude of Belgian fans who crossed…
US dollars.

The World’s Leading Currency Takes an Unexpected Downturn

The Australian dollar is enjoying a resurgence as of late, but it’s…
TEHRAN, IRAN - JULY 6: (----EDITORIAL USE ONLY - MANDATORY CREDIT - 'IRANIAN LEADER PRESS OFFICE / HANDOUT' - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS----) Iranian Supreme Leader Ayatollah Ali Khamenei makes his first public appearance since the war with Israel by attending an Ashura ceremony in Tehran, Iran, on July 6, 2025. Khamenei, who did not join the previous three nights of Muharram mourning events held at his residence on Palestine Street, participated

Iran’s Supreme Leader Emerges Publicly for the First Time Since Onset of Iran-Israel Conflict

Khamenei’s absence during the war suggested heavy security for the Iranian leader,…
Prime Minister Anthony Albanese keynote speech John Curtin research centre

“PM’s Discreet Note on Australia’s Independent Approach Amid US Dependence”

Anthony Albanese appeared to subtly try to indicate a move away from…

Devastating Texas Floods Claim Over 43 Lives; Numerous Children Still Unaccounted For

Some 43 people, including 15 children, have been confirmed dead following flash…

Donald Trump Celebrates Victory as Tax and Spending Bill is Passed by US Congress

Key Points Donald Trump’s major tax and spending legislation has successfully passed…
Anthony Albanese keynote speech in Washington tipped to 'ruffle feathers'

Prime Minister Expected to Make Waves in Washington with Major Address

The Prime Minister is expected to create a stir in Washington this…

Trump Claims TikTok Deal Nearly Done, Awaiting China’s Approval

President Donald Trump says the United States “pretty much” has a deal…

‘Appalling behavior’: Prime Minister denounces synagogue assault, as police disclose new event

Victoria Police has not declared an arson attack at a Melbourne synagogue…