Elon Musk says he is launching new political party

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🗞️ Driving the news: Elon Musk announced the creation of the America Party, a self-styled alternative to the Republican and Democratic parties, following his public split with former ally Donald Trump
• Posting on X, Musk criticized what he called a “one-party system” and vowed to “give you back your freedom”
• The move comes days after Congress passed Trump’s sweeping fiscal bill, which Musk opposed for neglecting green initiatives and increasing deficits

🔭 The context: Musk was a prominent supporter and financial backer of Trump during the last election cycle, donating an estimated $250 million and even serving as head of the Department of Government Efficiency (Doge)
• Relations soured over Trump’s flagship economic package, which Musk argued prioritised tax cuts over sustainability
• Musk’s new party enters a political landscape where third parties historically struggle to gain traction at the national level

🌍 Why it matters for the planet: The fallout between Musk and Trump highlights growing rifts over climate policy within US political and business circles
• Trump’s latest bill removed incentives for clean technologies, potentially undermining climate targets, while Musk’s criticism suggests business leaders remain divided on the pace and financing of a green transition
• The America Party’s positioning on sustainability remains unclear, but its emergence could influence debate around subsidies and industrial policy in key sectors

⏭️ What's next: It remains uncertain whether Musk will formally register the America Party with US electoral authorities or field candidates in the 2026 midterms
• Political analysts will watch whether the party can mobilise enough public and financial support to challenge the entrenched two-party system
• The policy platform, leadership, and stance on climate and economic issues are expected to become clearer in the coming weeks

💬 One quote: "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." — Elon Musk, on X

📈 One stat: Musk contributed an estimated $250 million to Trump’s 2024 campaign — underscoring the scale of his previous political influence

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