Musk proposes new political party

The tech entrepreneur’s political shift follows a public rift with the US President.

Elon Musk, CEO of Tesla and SpaceX, has proposed creating the “America Party,” marking a sharp shift in political strategy.

The move comes after a public falling out with US President Donald Trump, whom Musk strongly supported during last year’s election. Musk set up and funded a pro-Trump political group, donating over $260 million, and was appointed by Trump in January to co-lead the newly established Department of Government Efficiency (DOGE), tasked with reducing federal bureaucracy and wasteful spending.

In response to the growing political divide, Musk conducted a poll on X this week, asking his 220 million followers whether it was time to launch a new political party representing the “80% in the middle.”

The poll drew more than 5.6 million responses, with around 80% expressing support. Musk declared, “The people have spoken. A new political party is needed in America,” and proposed the name “America Party.”

The rift between Musk and Trump deepened after Musk condemned Trump’s $2.4 trillion tax and spending bill, calling it a “disgusting abomination.” Trump retaliated by threatening to cancel federal contracts with Musk’s companies, including SpaceX and Tesla.

The conflict spilled onto social media, where Musk accused Trump of ties to the Jeffrey Epstein scandal and called for his impeachment. Epstein, a financier and convicted sex offender, was arrested in 2019 on charges of trafficking minors. He died in jail under disputed circumstances, sparking ongoing scrutiny of his connections to high-profile figures.

Some Democratic lawmakers have suggested that Musk might pivot politically. Others, however, welcomed the falling out. Rep. Alexandria Ocasio-Cortez said, “These two huge egos were not longed for being together in this world as friends,” calling the split “long overdue.” The feud has also rippled through financial markets.

Tesla shares dropped 14%, while Trump Media stock fell 8% on Thursday, recovering some of its losses the next day.

Former Russian President Dmitry Medvedev humorously offered to mediate a “peace deal” between Trump and Musk. “We are ready to facilitate the conclusion of a peace deal between D and E for a reasonable fee and to accept Starlink shares as payment. Don’t fight, guys,” Medvedev wrote in a post on X.