Billionaire Elon Musk said Saturday he is forming a third political party, after a dramatic falling out with Donald Trump, indicating he will make good on threats he made if the president’s domestic policy bill became law.

President Trump commented on reports that Elon Musk plans to found a new political party called the "America Party after the GOP passed its "Big, Beautiful Bill." "He can have fun with it, but I think it's ridiculous,