"When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk said in the announcement.

"The America Party is formed to give you back your freedom," Musk said, days after Trump debated deporting him.

The tech billionaire, who has publicly feuded with President Trump, wrote on social media that he would be creating “the America Party,” though he hadn’t yet filed paperwork.