Elon Musk said he formed the “American Party.” Mark Cuban and Anthony Scaramucci are interested.

• Elon Musk said on X that he is in a dispute with President Donald Trump.

• He said this would be called the “American Party.”

• Musk publicly criticized Trump's spending bill, which the president signed on July 4.

Elon Musk announced the formation of a new party in an ongoing dispute with Donald Trump.

“Today, the American party is about the freedom you bring to you,” Musk wrote in his post on X on Saturday afternoon.

Tesla CEO said on his social media platform Friday that one way new parties can work is to focus on winning a few Senate seats and housing areas that can be used as a “decisive vote” on “controversial laws,” given Congress' “Razor-thin Cliural Bargins” in Congress.

When asked to comment on Musk's new party, the White House said Trump had “unified” the Republican Party.

“Having earned the largest share of votes for a Republican presidential nominee and secured majorities in the House and Senate, and with his historic domestic policy agenda swiftly and successfully passed through One Big Beautiful Bill with resounding GOP support, the party is stronger than ever and in lockstep with the Trump agenda,” Harrison Fields, the principal White House dependy press secretary, told BI over email.

Meanwhile, billionaire Mark Cuban appeared at the same time – not the first time to support a new party idea and answered Musk's Saturday announcement with a series of fireworks and fire emojis.

“I work with @voterchoice. They will help you with the vote. This is their mission,” Cuba wrote in another post.

Skybridge Capital founder Anthony Scaramucci, who briefly served as White House communications director under Trump in 2017, also seems interested.

He replied to Musk: “I want to meet and discuss. My DM is open.”

Musk's “American Party” announced that it was after he conducted a July 4 poll, asking X users whether they want “independence” in the two-party system. About 65% of the 1.25 million participants voted as “yes.”

The Congressional Budget Office said Musk was a staunch supporter of Trump's re-election in 2024 and he publicly criticized the president's “large bills”, a comprehensive domestic policy bill that includes massive tax cuts and could add $3 trillion in national debt.

Musk described the bill on X as a form of “debt slavery.”

A few days after leaving the White House Portal office, Musk called the legislation a “mass, cruel, pork-filled Congressional spending bill” when he was tasked with cutting spending and reducing the deficit in June.

Musk then proposed the idea of ​​forming a new party that represents “80% in the middle”.

Musk's repeated attacks on the bill have led to a spectacular public impact between him and the president. Trump even suggested that his office might investigate Musk, who is immigrant in South Africa.

Musk's July 4 poll on X was the same day when Trump signed the bill.

Musk and White House spokespersons did not respond to requests for comment.

Musk's back and forth about his involvement in political affairs was followed by a turbulent period of CEO of his electric car company Tesla.

Wall Street analysts, including Tesla Bull Dan Ives, said Musk's politics could lead the company to go astray if the CEO stops from refocusing.

In early June, Baird analysts lowered Tesla's stock, noting that Musk-Trump Spat added “outlook uncertainty for TSLA”.

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