American history is littered with third-party bids that flared brightly only to fizzle out, he explained. George Wallace carried five Southern states in 1968 and Ross Perot grabbed nearly 19% of the popular vote in 1992 — yet neither cracked the two-party hold on the presidency.

Musk’s outrage over Trump’s signature legislation fuels a pledge to rejoin the political fray, despite the wounds he’s taken and the poor electoral record of mavericks.

In the midst of a heated X rant session, Elon Musk has called for creating a new third party, dubbed the “America Party" if the Big, Beautiful, Bill passes.