Musk, who had been a close ally of the president, announced on X Saturday that he would be forming the “America Party.” His decision was based on an X poll that he posted on July 4, where he asked users on the social media website if there should be an America Party.

In his feud with Donald Trump, the world’s richest person has the distinct disadvantage of not possessing nukes. But that doesn’t mean he has no cards to play, writes Io Dodds

"When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk said in the announcement.