Tesla and SpaceX CEO Elon Musk has confirmed the formation of a new political party in the United States, dubbed the America Party, following a highly publicized fallout with President Donald Trump. The announcement comes days after Trump signed into law a sweeping domestic policy bill that Musk had fiercely opposed,

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.

The richest man in the world says he has started “the America Party.” Turning it into a meaningful movement will be difficult.