Musk would need to overcome many hurdles to establish a third party. Similar efforts, including the late billionaire Ross Perot’s, haven’t lasted.

Musk has threatened to create a new political party as he continues to oppose President Trump's One, Big, Beautiful Bill.

A public feud between President Donald Trump and his on-again, off-again ally, billionaire Elon Musk, reignited this week after an apparent truce lasted less than a month.