#MuskAmericaParty Elon Musk formally announced the creation of a new political entity, the America Party, on July 5, 2025, via his platform X. He bases its launch on a July 4 poll where about 65% of 1.2 million users supported breaking from the two-party system, urging to “give you back your freedom” . Motivated by opposition to the “Big Beautiful Bill” — a major tax-cut and spending package he warned would “bankrupt the country” — Musk plans to fund campaigns in strategic Senate and House races . Skeptics such as Trump, Treasury Secretary Bessent, and Wall Street analysts doubt a third party can succeed and warn his political focus could hurt Tesla .