Elon Musk recently launched a political group called the “America Party” after a disagreement with Donald Trump over the “Big, Beautiful Bill.” Thenceforth, Musk's party filed official documents with the U.

WASHINGTON, July 5 (Reuters) - The dispute between Republican President Donald Trump and his main campaign financier Elon Musk took another fractious turn on Saturday when the space and automotive billionaire announced the formation of a new political party, saying Trump's "big, beautiful" tax bill would bankrupt America.

Musk, who has distanced himself from Republicans amid his split with President Donald Trump, has suggested his political party will target Congressional seats.