The statement was made by Elon Musk on social media platform X on July 5. The day before, he had posted a survey asking followers whether he should establish a new party. The results showed that the support rate was double compared to the opposition.
At the rate of 2, you want a new political party and you will have it. Today, the American Party was founded to restore your rights to freedom.
Elon Musk was once one of the largest donors to the Republican Party and had a close relationship with President Donald Trump, even appearing next to him in the Oval Office. However, the relationship broke down after Trump pushed Congress to pass a "big and beautiful" budget bill that Elon Musk criticized as "wasteful".
Since then, the tech billionaire has repeatedly mentioned breaking the current bipartisan system by establishing a third party, which would resure the true voice of the people.
Elon Musk said the US Party will target swing seats in highly competitive states, where just a few votes of difference are needed to decide the final outcome. With the current fragile legislative framework, only a few seats are enough to become the decisive voice in controversial laws, he wrote.
Despite having billions of dollars and great influence on social media, founding a political party in the US is not simple. Elon Musk will face a series of legal barriers, including different state-based regulations on access to votes, election status, and organizational procedures.
He has not yet announced a specific plan for the organization or strategy of the US Party. Previously, Elon Musk pledged to cut down on political spending and declared done enough.
However, just this week, he announced his support for re-election for Representative Thomas Massie (Kurope) - who is being attacked by Mr. Trump - showing that Elon Musk is still willing to spend money to support like-minded politicians.
