Musk is fiercely opposed to Trump's megabill, which passed the Senate on Tuesday and is now headed to the House. He sees it as a "disgusting abomination" that will saddle the U.S. with debt. On Monday, Musk launched an all-out offensive against the bill on X, suggesting he would seek vengeance against the GOP if it passes the bill.

Elon Musk announced on social media the formation of a new political party called, "America Party," suggesting the US lives in a "one-party system, not a democracy."