Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the president’s sweeping tax cuts law.

Elon Musk’s surprise announcement of the "America Party" has deepened his rift with Donald Trump and drawn criticism from both political and business circles. A day after Musk revealed plans to launch the new party in response to Trump’s tax and spending legislation,

"I believe that the boards of directors at his various companies wanted him to come back and run those companies, which he is better at than anyone," Bessent said of Musk's depart