Tech entrepreneur Elon Musk has announced the formation of the America Party, positioning it as a direct alternative to Donald Trump’s Republican base. Musk criticized Trump’s latest tax and spending legislation, accusing lawmakers supporting it of jeopardising U.S. economic health. He also stated the move is aimed at unseating pro-Trump legislators in the 2026 midterms. The announcement marks a deepening rift between Musk and Trump, with potential consequences for GOP unity heading into the next election cycle.