The Tesla CEO says both parties have failed and claims The American Party will fight government bloat, attract disillusioned Democrats, and shake up the system.

"When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk said in the announcement.

Scott Bessent is no fan of Elon Musk. The treasury secretary — whose Oval Office arguments with the former DOGE head reportedly came to blows — questioned whether anyone would fall in line behind Musk’s promised America Party.