Billionaire Elon Musk is floating a new political party dubbed the "America Party" — but the idea could face major hurdles.

Texas legislators have passed a flurry of bills favored by representatives and lobbyists for Musk's companies.

Nation World Elon Musk says he's formed a new political party. But it's not clear if he actually has Musk hinted at using the party to influence the 2026 midterm elections. Credit: AP ...

Play (2min) Al Drago/Getty Images News Elon Musk’s surprise announcement of the "America Party" has deepened his rift with Donald Trump and drawn criticism from both political and business circles.