When new parties do emerge, some "voters and candidates are hesitant to join," and "despite varying approval levels, party loyalties remain strong," said CNN. This remains especially true for Republicans, many of whom "have coalesced around Trump."

Elon Musk’s threat this week to form his own political party isn’t the first time he has flirted with the idea.

In the middle of an X venting session, Elon Musk called for the creation of a new third party, the “America Party.” Weeks after criticizing President Donald Trump’s policy agenda during their first “breakup,