<ul data-eligibleForWebStory="false"><li>Elon Musk declares the formation of the 'America Party' on his social network, following Trump's signing of a tax-cut and spending bill.</li><li>Musk announced the party after a poll on his platform showed 65% of respondents in favor of creating the America Party.</li><li>The Tesla CEO criticized the bill that ended a $7,500 consumer tax credit for electric vehicle purchases, which led to his exit from the administration after a dispute with Trump.</li><li>Musk threatened to launch the new political party and increase political spending to oppose lawmakers who supported the bill in the upcoming US elections.</li></ul>

Musk Declares ‘America Party’ Formed After Trump’s Bill Passes

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