#BinanceTurns8 Elon Musk has officially launched the "America Party," marking a significant departure from the traditional U.S. two-party system. This move follows his public disagreement with President Trump over the "Big, Beautiful Bill," a spending initiative Musk criticized for its potential to increase the national deficit to $2.5 trillion [1] .
A recent poll by Quantus Insights indicates that approximately 40% of Americans would consider supporting Musk's new political venture, with 14% "very likely" and 26% "somewhat likely" to back the party [2] . This level of support underscores a growing public interest in alternatives to the existing political framework.
The formation of the America Party has also impacted financial markets. Tesla's stock experienced a 7.5% decline following the announcement, reflecting investor concerns over Musk's political involvement and its potential implications for his business ventures [3] .
