In order for Musk’s proposed America Party to formally become a national political party, the FEC must issue an advisory opinion approving the party, which will allow the entity to raise and spend money at the federal level.

July 7–8, 2025: The first trading day since Musk’s weekend announcement, Tesla shares tumbled, and Musk’s personal fortune dropped by as much as $15 billion, according to the Bloomberg Billionaires Index. As of July 9, it stands at $349 billion with Tesla shares broadly unchanged.

Elon Musk denied a viral FEC filing suggesting he launched a third party called the "America Party," calling it fake, as Donald Trump mocked the rumored move as a political "train wreck."

Musk announced the "America Party" in a July 5 post on his social media ... The Federal Elections Commission and individual states have their own sets of rules and requirements for a political ...