'Just in': Elon Musk officially launches new political party

The richest man in the world officially announced on Saturday that he has officially formed a new political party to challenge Republicans and Democrats alike.

Tech CEO Elon Musk has teased several times the creation of a new party, even opening up a poll on X to see what his users think about the idea. Musk had said on the Fourth of July holiday, "Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system!" He then asked, "Should we create the America Party?"

Over the weekend, Musk announced the results of the poll: 65% said yes while 35% said no.

"By a factor of 2 to 1, you want a new political party and you shall have it!" the CEO said on Saturday. "When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy."

He then added, "Today, the America Party is formed to give you back your freedom."

Controversial Donald Trump associate Laura Loomer amplified the news on X, writing, "JUST IN: @elonmusk says he’s creating the 'America Party' today."