ELON Musk has launched a new political following his explosive row with President Donald Trump.

The billionaire has promised he will “give back your freedom” via a post on X today.

It comes after Musk created an online poll on July 4 where he asked his followers if he should spearhead a fresh political party.

Of those polled, over 65% answered ‘yes’, which paved the way for the announcement.

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

“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.”

Following President Donald Trump’s signing of a tax-cut and spending bill into law on Friday, an announcement came from Musk, who the billionaire CEO of Tesla strongly opposed.

Musk invested hundreds of millions in Trump’s re-election and headed the Department of Government Efficiency during Trump’s administration, focused on reducing government spending. However, they have since clashed over disagreements regarding the bill.

Trump earlier this week threatened to cut off the billions of dollars in subsidies that Musk’s companies receive from the federal government.

Musk said previously that he would start a new political party and spend money to unseat lawmakers who supported the bill.

Republicans are worried that Musk’s tumultuous relationship with Trump might jeopardize their ability to maintain their majority in the 2026 midterm congressional elections.