The tech billionaire formally declared the "America Party" after President Trump signed his signature bill, setting the stage for a dramatic political confrontation.

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the president’s sweeping tax cuts law.

Tech billionaire Elon Musk on Saturday said he has decided to form his own US political party, naming it "America Party. " The former adviser to US President Donald Trump made the announcement on his X platform,