Elon Musk Forms America Party to Rival GOP, Sparks Trump Feud

- Elon Musk launches "America Party," sparking feud with Donald Trump. - New party to target key congressional seats in 2026 midterms. On July 6, 2025, Elon Musk announced the formation of a new political organization, the "America Party," created to disrupt the two-party dominance in the United States. During a press conference, Musk emphasized that the party will focus on flipping key congressional districts in the 2026 midterm elections. This announcement follows his recent tenure as head of the Department of Government Efficiency (DOGE), a role inspired by the cryptocurrency Dogecoin. Musk departed from DOGE in May amid disagreements with former President Donald Trump over a major spending bill, arguing the legislation would exacerbate the national debt and derail fiscal reforms initiated under DOGE. Trump, in turn, defended the bill and has since criticized Musk, escalating tensions between the two influential figures. The rift deepened after Musk's announcement. In a social media post, former President Donald Trump publicly dismissed the move as “ridiculous,” describing Musk as a “TRAIN WRECK” who had “gone completely off the rails.” Instead of directly responding to these comments, Musk is maintaining his focus on the "America Party’s" strategy to influence two to three Senate seats and eight to 10 House districts. The "America Party" has also filed documents with the Federal Election Commission, which officially list Musk as its presidential candidate and Tesla CFO Vaibhav Taneja as treasurer. The documents reference the "America Party," "DOGE," and "X," suggesting Musk's intent to steer broader political discourse in the years to come. The announcement garnered global media attention, with outlets including TradingView, TIME Magazine, and the South China Morning Post reporting the story extensively on July 6. The next day, on July 7, NDTV, WION, and The Economic Times provided further coverage. As of 05:14 UTC on July 7, Dogecoin (DOGE) was trading at $0.174. According to CoinMarketCap, this marked a 6.306% increase in 24-hour trading volume.