Elon Musk just declared that he has set up a new political party imaginatively named the “America Party,” shortly after reviving feud with Donald Trump.The richest man in the world helped to bankroll the US president’s election campaign on a Republican ticket last year and worked as his so-called “First Buddy” once Trump returned to the White House.

Musk has clashed with Trump over the president's massive domestic spending plan, saying it would explode the US debt, and vowed to do everything in his power to defeat lawmakers who voted for it. Now he has created the so-called America Party, his own political framework, through which to try and achieve that.

A day after asking his followers on X whether a new U.S. political party should be created, Elon Musk said on Saturday that the "America Party is formed." "By a factor of 2 to 1, you want a new political party and you shall have it!