Musk touted forming a new political party—the "America Party"—after voicing his opposition to Trump's One Big Beautiful Bill Act.

Elon Musk may now be reaching a political crossroads of his own making. Just a few days before, the Tesla and SpaceX CEO had pledged to launch a new "America Party" party if former President Donald Trump's contentious tax-and-spending bill were to pass.

Due to disappointment with his former ally Donald Trump - and his enormous domestic policy bill - Musk has suggested that he would form the “America party” the day after the bill passes. Musk has said he wants to build a fiscally conservative party,

Billionaire’s political threats have not stopped the president’s ‘big, beautiful bill’ hurting the electric-car maker’s profits

President Trump commented Monday about 'looking into' deporting Tesla and SpaceX CEO Elon Musk. Here's what we know about Musk's citizenship status.