United States tech mogul and billionaire, Elon Musk, has announced the formation of ‘America Party’, a new political party in the US.
Musk made the declaration on Saturday, a day after asking his followers on X whether a new political party should be created.
Elon Musk, a former ally of US President Donald Trump, said he launched the party to challenge what the tech billionaire described as the country’s “one-party system.”
“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk, who had a bitter falling out with Trump after leading the president’s effort to slash spending and cut federal jobs, posted on X.
“Today, the America Party is formed to give you back your freedom.”
President Donald Trump criticised Elon Musk over federal subsidies, while Republican senators blocked a proposal to exempt artificial intelligence from state-level regulations — highlighting a deepening rift between Trump and his once-reliable Silicon Valley allies ahead of the vote on his “big, beautiful bill.”
The first move came when Trump took aim at Tesla (TSLA) CEO Elon Musk, responding to Musk’s continued criticism of the legislative package by pointing to the substantial government grants his companies have received, Yahoo Finance reports.
“Without subsidies, Elon would probably have to close up shop and head back home to South Africa,” wrote the president in a Truth Social post.
Referring to the government efficiency group that Musk ran until recently, Trump said that “perhaps we should have DOGE take a good, hard, look at this?”
DOGE is the Department of Government Efficiency, an initiative by the second Trump administration within the federal government of the US.
Its stated objective is to modernise information technology, maximise productivity, and cut excess regulations and spending.
The president’s remarks followed recent changes to his signature legislation that have alarmed much of the tech industry —especially Musk. The revisions include new taxes on green energy companies, increased support for fossil fuels, and a ballooning cost, all of which have deepened Silicon Valley’s opposition to the “big, beautiful bill.”
Tensions widened further when, just hours later, a key artificial intelligence provision—meant to shield the fast-growing industry from state and local regulations—was stripped from the bill.
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