Musk Declares ‘America Party’ Formed After Trump’s Bill Passes

Elon Musk said a new political party he has been threatening to start up “is formed,” a day after President Donald Trump signed a tax-cut and spending bill that the Tesla Inc. billionaire chief executive officer has denounced.

Musk made the announcement on his X social network after posting the results of a poll on the platform that he said showed 65% of respondents in favor of creating an America Party.

“You want a new political party and you shall have it!” he said Saturday. “Today, the America Party is formed to give you back your freedom.”

Musk, the world’s ...