Mark Cuban has said Elon Musk's America Party's focus on a few Congressional races could create "leverage."

Billionaire Elon Musk is floating a new political party dubbed the "America Party" — but the idea could face major hurdles.

Elon Musk is launching the a new political party called the America Party, and has indicated that it will be pro-Second Amendment and pro-bitcoin

Can a third political party succeed in the US? Presidential elections are largely seen as a contest between the Democratic and Republican parties.

Elon Musk's net worth has taken a $15.3 billion hit after the Tesla CEO announced he was to form a new political party. The news sent ripples through financial markets and spooked investors concerned about Musk's political ambitions and possible implications for Tesla's brand and business operations.

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing the America Party in response to the president’s sweeping tax

Mr. Musk’s involvement in politics and his financial support for the president’s campaign were once seen by investors as a benefit to Tesla, fueling a steep rise in company shares after the election last year. That association has now turned into a liability. Tesla shares are down 40 percent from their peak in December.

“It is about time that the common sense man and the business man and the farmers and bankers of this country get together and formed a third political party,” William H. Woodin, the industrialist and future Treasury Secretary, told The Wall Street Journal on April 6, 1922.