Billionaire Elon Musk has continued his public criticism of former U.S. President Donald Trump’s so-called “big, beautiful bill,” accusing the Republican Party of significantly increasing the federal debt.
Taking to his social media platform X, Musk shared a post suggesting that 80% of Americans want a new political party—hinting at his own ambitions to reshape the U.S. political landscape.
In a notable development, Musk appears to have found his first political ally: Andrew Yang, the former Democratic presidential candidate from 2020. Yang has voiced enthusiasm for the creation of “The America Party,” a political movement aimed at representing the majority of Americans who feel ignored by the traditional two-party system.
Such a move is likely to further anger Trump and pour fuel on the fire of their already fraught relationship. Previously, Trump had warned Musk not to “make a mistake” by supporting a Democrat—though in this case, Musk is aligning himself with a former Democrat-turned-independent reformer.
“If he does, he’ll have to deal with the consequences,” Trump stated, without specifying what those consequences might be.
Tensions between the two have escalated recently, with their relationship described by some observers as “toxic.” The back-and-forth animosity has intensified, with accusations and public jabs flying in both directions.
Trump also claimed to have terminated federal contracts with Musk’s electric vehicle company, Tesla—a move that reportedly impacted the company’s sales due to the heightened political tension.
This political fallout stems largely from Musk’s criticism of Trump’s bill, which was designed to address the national debt. While Trump has touted it as a bold step toward reducing federal liabilities, Musk has dismissed it as “disgusting,” arguing that it would only increase the country’s financial burden.