Elon Musk Plans New US Political Party Representing Moderate Majority

Elon Musk has announced plans to create a new political party in the United States called the "American Party," aiming to represent the views of the 80% moderate majority of the population. This move comes after a public falling out with President Donald Trump, marked by Musk's criticism of Trump's tax bill and support for Trump's impeachment. Musk's launch of a poll on his social platform X found that 80% of respondents supported the need for a new party, which he declared as fulfilling a political destiny. Mark Cuban, another billionaire, expressed support for Musk's idea despite previous political differences, criticizing the current two-party system as the root of partisan division. The political initiative by Musk is seen as potentially impactful on the US political landscape and questions the strength of the traditional two-party system. The feud between Musk and Trump has also affected Tesla's stock performance, highlighting the real-world consequences of their political clash.