Overview

• Musk officially formed the America Party on July 5 after an X poll drew 1.25 million votes with 65 percent in favor, pledging to target two to three Senate seats and eight to ten House districts.
• Senators Cynthia Lummis and Ron Johnson warned the new party could split fiscal conservatives and inadvertently boost Democratic candidates in tight races.
• President Trump said the third party would “help us,” noting that past third-party efforts have often benefited his campaigns.
• Tesla’s stock dropped about 7 percent following the announcement, leading analysts to urge the board to establish clear limits on Musk’s political activities.
• Observers highlight steep state signature requirements and an FEC lacking quorum as barriers to formal certification, with some experts proposing a super PAC as a faster workaround.