Elon Musk’s proposed ‘America Party’ is beginning to look like another flash in the pan.
The mercurial billionaire, who backed Trump in the 2024 election before recently turning on him, has repeatedly pledged to launch a political party in his own image.
Yet no formal paperwork has been filed, fueling speculation that the so-called ‘America Party’ was little more than an empty threat.
Musk’s reason for starting a third party was ostensibly the passing of Trump’s budget reconciliation package, which he criticized for failing to tackle the issue of the fiscal deficit.
Elon Musk: We have to do something about the debt or the country’s going to go bankrupt.
“Just like a person, if you spend too much, eventually you go bankrupt. The federal debt’s growing by a trillion dollars every three months. Our defense budget is pretty gigantic. It’s a… pic.twitter.com/GmXdWLiOZG
— ELON CLIPS (@ElonClipsX) July 8, 2025
Axios reports:
A Musk-backed “America Party” could disrupt the midterms and escalate his feud with President Trump. But “Musk has read the room,” said Dan Ives, a Wedbush Securities analyst who’s followed him for decades.
The rockets-to-robotaxis billionaire hasn’t taken visible steps to make formal filings for the America Party, and once-frenetic whispers from third party consultants about working for him have gone radio silent.
Musk just had to “blow off steam” about Trump’s “big, beautiful bill,” Tesla investor James Fishback told Axios.
“I look at the half life of how this guy operates,” Fishback said, explaining that Musk recently announced the integration of Grok AI into Tesla cars and an expanded Robotaxi app in Austin. Both ideas are already implemented.
“It has been 17 days since he said he was going to start the America Party. There’s no filing, no candidate,” Fishback said last week. “There’s nothing of substance.”
Musk had previously stated that the party’s main aims were to prevent government waste and fraud and help prevent America from bankruptcy by lowering the already balooning national debt.
“By a factor of 2 to 1, you want a new political party and you shall have it,” Musk wrote.
“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom.”
By a factor of 2 to 1, you want a new political party and you shall have it!
When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.
Today, the America Party is formed to give you back your freedom. https://t.co/9K8AD04QQN
— Elon Musk (@elonmusk) July 5, 2025
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