Wisconsin Republicans Derrick Van Orden and Ron Johnson are pushing back on Elon Musk's vow to form a new "America Party" and unseat Republicans.

Donald Trump dismissed Elon Musk's newly launched "America Party" as "ridiculous," reaffirming his belief in the traditional two-party system. Trump's remarks followed Musk's unveiling of the party, intended to challenge the perceived "one-party system" in the United States.

The world's richest man's latest political activities prompted a brutal sell-off of Tesla stock as investors question his focus on the company.