Weeks after his dramatic fallout with US President Donald Trump, Elon Musk has announced that he is launching a new political party.
The billionaire American businessman announced on his social media platform X that he has formed the American Party, calling it a challenge to the two-party system of Republicans and Democratic.
However, he did not clarify whether th new party has been formally registered with US election authorities. Musk, who was born outside the US and is therefore ineligible to run for US president, has also not revealed who will lead it.
Foreign media have suggested that the dispute between Trump and Musk could be a reason for the formation of a new political party. Before forming a new party, Musk posted a poll on X asking users whether there should be a new political party in the United States.
In response, Musk tweeted, “You clearly need a new political party. You will get it.”
“When it comes to bankrupting our country with waste and corruption, we live in a one-party system, not a democracy. Today, the American party was formed to give you back your freedom,” Elon Musk said.