Core Points - Elon Musk has announced the formation of the "American Party" as a response to political disagreements with President Trump regarding the "Big and Beautiful" tax and spending bill [2][3] - The "American Party" aims to liberate the American public from the two-party system dominated by Democrats and Republicans, with a recent poll showing 65.4% support for its establishment [2][3][7] - Musk's political ambitions are focused on the upcoming midterm elections, targeting 2-3 Senate seats and 8-10 House districts to influence legislation [4][5] Group 1 - The "American Party" is unique due to Musk's immense wealth and strong online influence, which may allow it to gain traction in the political landscape [3][6] - Musk's political strategy may involve supporting independent or swing party candidates rather than running his own candidates, leveraging his financial resources [6][9] - Despite the initial support, the "American Party" may struggle to become a significant political force due to systemic barriers in the U.S. electoral system [7][8] Group 2 - Musk's relationship with Trump is likely to deteriorate, as the formation of the "American Party" could split Republican votes and undermine Trump's influence [9][10] - Potential repercussions for Musk include investigations and restrictions on his business operations if he cannot reconcile with Trump [10] - The establishment of the "American Party" reflects a broader discontent among middle voters and Silicon Valley investors regarding the current political climate in the U.S. [10][11]