Trump calls Musk's new America Party a "train wreck" after billionaire announced third-party formation following poll support.

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the president’s sweeping tax cuts law.

Scott Bessent is no fan of Elon Musk. The treasury secretary — whose Oval Office arguments with the former DOGE head reportedly came to blows — questioned whether anyone would fall in line behind Musk’s promised America Party.