Tesla CEO and former White House adviser Elon Musk on July 5 announced that he would create a new political party following a split with President Donald Trump over the One Big Beautiful Bill Act passed by Congress last week.
Musk, who became a vocal Trump ally in the closing weeks of the 2024 presidential election and led the task force known as the Department of Government Efficiency (DOGE), broke with the Republican president over his signature legislation, which was signed into law by Trump on July 4.