Musk described his new party on his platform X as tech-centric, budget-conscious, pro-energy and centrist, with the goal of drawing both disaffected Democrats and Republicans. Musk has criticized the tax-cut bill, which is forecast to add about $3.4 trillion to the United States' debt.

President Trump slammed the tech billionaire's announcement that he's forming a third political party. Here's what to know about the America Party.

After his break with the Trump White House, Musk says he's starting the America Party. Cuban seems interested in the idea.