"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 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.

Elon Musk, the billionaire behind Tesla and SpaceX, has launched a new political party. His move has shaken politics and business alike, raising one big question: Is he planning to run for president?