Elon Musk announced the formation of a new political entity called the “America Party” on July 5, 2025, via his social media platform, X. He described the party as a centrist, tech-centric, and fiscally responsible alternative to the existing two-party system, aiming to “give you back your freedom.”
The announcement followed a public feud with President Donald Trump over the recently passed tax-and-spending bill, which Musk criticized as fiscally irresponsible and detrimental to America’s global competitiveness. (timesofindia.indiatimes.com)
Despite the public declaration, there has been no official filing with the Federal Election Commission (FEC) to register the America Party as a political entity. Musk has denied reports of such filings, labeling them as false. (finance.yahoo.com)
The formation of the America Party has sparked mixed reactions. Former President Trump criticized Musk’s initiative, calling him a “train wreck” and warning of the chaos third parties could bring. In contrast, several prominent figures, including former presidential candidate Andrew Yang and billionaire Mark Cuban, have expressed support for the America Party.
Musk’s announcement has also had financial repercussions. Tesla’s stock price dropped by more than $68 billion in a single day following the news, reflecting investor unease over Musk’s political ambitions.
In summary, while Elon Musk has publicly announced the formation of the America Party, the actual establishment and viability of the party remain uncertain. The coming weeks will likely reveal whether Musk can translate his public declaration into a legally recognized political entity capable of influencing U.S. elections.
