Musk, who had been a close ally of the president, announced on X Saturday that he would be forming the “America Party.” His decision was based on an X poll that he posted on July 4, where he asked users on the social media website if there should be an America Party.

Elon Musk may not be the president, but he still has cards to play against Trump - ANALYSIS: In his feud with Donald Trump, the world’s richest person has the distinct disadvantage of not possessing nukes.