According to The Financial Times, American billionaire and founder of Tesla and SpaceX, Elon Musk, has announced the launch of a new political force — the “America Party”, aimed at fighting what he calls the “one-party system” in the United States. He made this statement on June 29 via his social media platform, X, following the passing of a major legislative initiative backed by Donald Trump — a former ally of Musk, with whom he now appears to be in sharp conflict.
“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom,” Musk wrote on X.
A Rift with Trump and Accusations of Populism
The harsh criticism followed the signing of Trump’s sweeping economic bill, which Musk has repeatedly denounced for significantly increasing the national debt. The bill, unofficially dubbed the “big, beautiful bill” by Trump’s supporters, extends tax breaks while only partially offsetting them with spending cuts. As a result, independent analysts estimate that the federal debt may increase by more than $3 trillion over the next decade.
Musk did not hold back, openly criticizing Republicans whom he accuses of betraying their promises to reduce government spending. He posted an image of Pinocchio with the word “LIAR” over his face and wrote:
“Anyone who campaigned on the PROMISE of REDUCING SPENDING, but continues to vote on the BIGGEST DEBT ceiling increase in HISTORY will see their face on this poster in the primary next year.”
A New Party — No Structure Yet, But Big Ambitions
Although Musk has not yet revealed any specific details about the structure or organization of his new political movement, he made clear that he aims to influence the U.S. Congress. In particular, he proposed focusing on 2–3 Senate seats and 8–10 House districts, where tight races could hinge on a single vote. In his words, this would allow laws to “reflect the true will of the people.”
Musk has not announced plans to run for public office himself, but his tone and proposals suggest he is aiming to create a pressure mechanism — and possibly a political weapon — to reshape the balance of power in Washington.
From Trump’s Ally to His Opponent
Just one year ago, Musk was considered one of Trump’s top campaign donors and political advisors, actively funding get-out-the-vote operations in key battleground districts. After Trump’s victory in the 2024 election, Musk joined the administration as a senior presidential adviser and the head of the so-called Department of Government Efficiency — an agency created to identify cost-saving measures across federal institutions.
However, a fundamental ideological split over fiscal policy has now brought their alliance to a dramatic end. Musk, a staunch advocate of fiscal realism and debt control, strongly opposed the populist tax package promoted by the White House. In his view, rather than putting the economy on the path to recovery, both parties are leading the country into financial ruin.
Support on X and Political Realities
Before announcing the party, Musk conducted a poll among X users. Of more than 1 million respondents, 65.4% supported the creation of the “America Party”, while 34.6% opposed the idea.
Nevertheless, as The Financial Times points out, even with vast personal financial resources, Musk will face immense challenges in trying to break through the powerful grip of America’s two-party system. History shows that third-party efforts in the U.S. rarely succeed. One recent example is the “No Labels” movement, which attempted to offer a centrist alternative to Trump and Biden in the 2024 presidential race but failed to gain meaningful traction.
Systemic Challenge or Solo Experiment?
Amid growing public discontent — among both Republicans and moderate Democrats — Musk’s initiative may become a powerful outlet for protest voters. On the other hand, it could remain a symbolic political gesture, unless it evolves into a fully structured and credible movement.
As The Financial Times analysts note, Musk is currently betting on targeted influence, hoping to use the razor-thin majorities in Congress to block or shape key legislative initiatives. But to truly change the system, he would need far more than influence: a solid political coalition, a clear program, and long-term strategy.
For now, the America Party lacks a defined platform but positions itself as a direct challenge to the current political order, which Musk calls “a fake democracy.” If his message resonates, 2026 could become a year of political experimentation in the United States.
This article was prepared based on materials published by The Financial Times. The author does not claim authorship of the original text but presents their interpretation of the content for informational purposes.
The original article can be found at the following link: The Financial Times.
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