Tech billionaire Elon Musk said Saturday he has officially formed the “America Party,” a third political faction to rival Democrats and Republicans.

“By a factor of 2 to 1, you want a new political party and you shall have it. When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk wrote in a post on the social platform X, which he owns, after putting out a poll questioning X users if they wanted a third political party.

“Today, the America Party is formed to give you back your freedom,” he added.

A page for the party went live shortly after his post, in which they lauded themselves as a group........

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