E lon Musk suggested a third political party, which he’s floated as the “America Party,” will hold significant sway in the Senate and House under slim Republican margins, as he aspires to form a competing party after breaking with the GOP over President Donald Trump’s signature policy bill.

Billionaire tech mogul Elon Musk spent July 4 publicly plotting a strategy for his proposed “America Party” to gain control of the balance of power in Washington following next year’s midterm elections.

This is Washington’s MO: short-term politicking over long-term sustainability.’ Musk reposted this comment, expressing agreement with a ‘100’ emoji, his first public statement on the bill since its official passage.