Core Viewpoint - Elon Musk, a prominent entrepreneur known for his achievements in technology, is establishing a new political party called the "America Party" in response to recent legislative actions that he opposes, particularly a large tax reduction bill passed by the U.S. Congress [3][6][16] Group 1: Musk's Political Moves - Musk's relationship with former President Trump has deteriorated, leading to public disputes over ideological differences [3][9] - Following a poll on X platform where 64.4% of participants supported the creation of a new party, Musk announced the establishment of the "America Party" [4][8] - Musk's plan includes securing congressional seats to influence legislation and advocate for the interests of ordinary Americans [8][9] Group 2: Legislative Context - The controversy stems from a large tax reduction bill that has drawn significant public attention and criticism from Musk [6][9] - Musk's criticism of the bill has intensified his conflict with the current administration, with speculation that he may run for office in the upcoming midterm elections [6][9] Group 3: Challenges Ahead - There are doubts about the feasibility of a third party in the U.S., given the historical dominance of the two-party system [13][16] - For Musk's new party to gain traction, it will need to clearly define its mission and attract broader support from the public [14][16] - The potential impact of Musk's political actions on the U.S. political landscape and its implications for business and technology sectors remains uncertain [13][16]