Tesla and SpaceX CEO Elon Musk has confirmed the formation of a new political party in the United States, dubbed the America Party, following a highly publicized fallout with President Donald Trump. The announcement comes days after Trump signed into law a sweeping domestic policy bill that Musk had fiercely opposed,

The dispute between Republican President Donald Trump and his main campaign financier Elon Musk took another fractious turn on Saturday when the space and automotive billionaire announced the formation of a new political party,

"When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk said in the announcement.