Elon Musk announced the formation of the America Party after receiving public support. The party aims to challenge the two-party system in the US. Musk is expected to finance it, potentially redirecting funds from his political action committee.

Elon Musk, a former ally of US President Donald Trump, has launched his own America Party aimed at challenging the ‘one-party system,’ which Musk describes as "formed to give you back your freedom," following a strained relationship and public fallout with Trump.

Elon Musk, the billionaire behind Tesla and SpaceX, has launched a new political party. His move has shaken politics and business alike, raising one big question: Is he planning to run for president?