Elon Musk soft-launched a third party over the weekend, and so far, the billionaire seems to be manifesting his “America Party” into existence.

Musk described his new party on his platform X as tech-centric, budget-conscious, pro-energy and centrist, with the goal of drawing both disaffected Democrats and Republicans. Musk has criticized the tax-cut bill, which is forecast to add about $3.4 trillion to the United States' debt.

President Trump took direct aim at Elon Musk on Sunday night and said the billionaire had gone “off the rails” after Musk announced plans to start a new political party.