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Investing.com -- Elon Musk announced the formation of a new political party on Sunday, following an online poll he conducted on X that showed 65% of respondents supported the idea of a new political force.
“By a factor of 2 to 1, you want a new political party and you shall have it!” Musk wrote in a post on X.
“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the American Party is formed to give you back your freedom.”
The announcement comes amid growing dissatisfaction among U.S. voters with the traditional two-party system. A recent Quantus Insights poll found that 40% of Americans would consider backing a new political party led by Musk.
Of those surveyed, 14% said they would be “very likely” to support such a movement, and another 26% were “somewhat likely” to do so. Thirty-eight percent said they were unlikely to offer support, while 22% were unsure.
Musk’s move also follows a public clash with President Donald Trump over the administration’s recent legislative package, dubbed the “One Big, Beautiful Bill.” Musk called the proposal “insane,” and the disagreement triggered a high-profile online dispute between the two men last month.
It is unclear whether the new party will field candidates for the 2026 midterms or aim for a broader structural shift in the U.S. political landscape. However, Musk’s announcement taps into growing voter frustration with what he characterized as a “one-party system” and positions the American Party as a vehicle for political disruption.
With a significant social media following and influence across business, media, and tech, Musk could potentially reshape parts of the political conversation ahead of the 2026 and 2028 elections.