Deep Tide TechFlow news, on July 6, according to the Wall Street Journal, neither Musk nor his advisers have submitted documents to the Federal Election Commission indicating the establishment of a new political entity called the 'American Party.' The name of this party is similar to the American political action committee (America PAC) he helped establish.

Documents show that through this political group supporting Trump's campaign (America PAC), Musk spent nearly $300 million in 2024 to assist Trump and other Republicans. Although third-party candidates in the U.S. have never become president, they can play a disruptive role by taking votes away from the two major parties.