July 7–8, 2025: The first trading day since Musk’s weekend announcement, Tesla shares tumbled, and Musk’s personal fortune dropped by as much as $15 billion, according to the Bloomberg Billionaires Index. As of July 9, it stands at $349 billion with Tesla shares broadly unchanged.

"The America Party is formed to give you back your freedom," Musk said, days after Trump debated deporting him.

Billionaire Elon Musk indicated Tuesday that releasing files related to convicted sex trafficker Jeffrey Epstein will be a major goal for his third party. President Donald Trump and his administration confirmed Tuesday it had finished its investigation into Epstein,

The Anti-Masons were the first recognized third party. It was formed in 1828 in opposition to the Freemasons, a secret society. The disappearance of William Morgan, a former Mason who had threatened to expose secrets, fueled widespread paranoia about the shadowy group, which many believed was covertly controlling the government.

If you’re old enough, you’ve seen this movie: An eccentric billionaire, full of bile and nursing grudges against the incumbent Republican president, wants to create a third major political party and shake up the system.

Following tech billionaire Elon Musk’s announcement of the new "America Party," some Republican lawmakers are urging caution and stressing that this move cannot be ignored. In a report published Wednesday,

Elon Musk is facing a new wrinkle in his plans to create a third-party challenger to the political “duopoly” because President Donald Trump has delayed appointing new members to the Federal Election Commission.