Musk establishes the "American Party," tech tycoon aims to become a "key minority" in the political arena?

CN
5 hours ago

Original Title: "Just Do It! Musk Announces the Establishment of the 'American Party' to 'Avoid America's Bankruptcy,' Plans to Run for Election Next Year"

Original Author: Li Xiaoyin, Wall Street News

Musk officially announced the establishment of the "American Party," targeting key positions in the 2026 midterm elections. According to CCTV News, on July 5 local time, American entrepreneur Elon Musk posted on social media platform X, stating that the "American Party" was established that day to restore freedom to the people.

This announcement comes at a time when Musk and Trump are in fierce disagreement over the "Great Beautiful Act." On June 30, Musk sharply criticized the act and stated that if it passed, the "American Party" would be established the next day. The act was signed into effect by Trump on July 4.

Hours before the act was signed, Musk initiated an online poll to ask whether the "American Party" should be established, with approximately 1.249 million netizens participating, 65.4% of whom expressed support. Based on this result, Musk officially announced the establishment of the new party on July 5.

This statement directly challenges Trump's authoritative position within the Republican Party and marks a complete rupture of their political alliance. Musk also hinted to netizens that the "American Party" would participate in the 2026 midterm elections, providing a time window for fundraising, organizational structure, and candidate selection.

According to Federal Election Commission regulations, new political parties do not need to formally register with the Federal Election Commission unless their fundraising or spending exceeds a specific threshold. Analysts point out that with Musk's financial resources, funding will not be a limiting factor. Some netizens speculate that the political agenda of the "American Party" may include reducing debt spending, promoting AI technology development, and comprehensive deregulation, to which Musk replied, "That's right!"

Plan to Leverage a Few Key Seats to Influence Congressional Decisions

Wall Street News previously mentioned that on the 4th, when Musk initiated the online poll, he revealed that the "American Party" would initially focus on 2-3 Senate seats and 8-10 House districts, attempting to become a decisive force in Congress through these key positions.

This strategy is starkly different from traditional parties that aim to win a majority of seats. Musk is targeting becoming the "critical minority" in Congress, aiming to influence policy-making by playing a decisive role in key votes.

Musk pointed out that given the current close distribution of congressional seats, this precise strategy is sufficient to influence significant legislation and ensure that it "truly represents the will of the people."

The Financial Dispute with Trump: The Catalyst for Musk's Shift

The background of Musk's announcement to establish a new political party is his intense conflict with Trump over fiscal policy. The $3.3 trillion spending bill, known as the "Great Beautiful Act," recently signed by Trump, has been publicly criticized by Musk, who claims it will exacerbate America's debt crisis and threatens to fund primary challengers to any congressional members who support the act.

Previously, Musk had pushed for a $190 billion reduction in government spending through the DOGE department, but analysis from a third-party nonprofit organization suggests that his actions may have also led to a loss of $135 billion for taxpayers.

Trump, not to be outdone, publicly warned Musk that opposing his agenda would come at a personal cost. He posted on his social media platform Truth Social, implying that Musk might have to shut down his company and return to South Africa without government subsidies, even mentioning that "Doge might be used against Musk." Trump also told the media that DOGE could be "the monster that must go back to devour Musk."

This renewed "Musk vs. Trump" drama highlights the rapid shift in their relationship from cooperation to opposition, providing a direct catalyst for the establishment of the "American Party."

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