Billionaire Elon Musk is floating a new political party dubbed the "America Party" — but the idea could face major hurdles.

Texas legislators have passed a flurry of bills favored by representatives and lobbyists for Musk's companies.

Play (2min) Al Drago/Getty Images News Elon Musk’s surprise announcement of the "America Party" has deepened his rift with Donald Trump and drawn criticism from both political and business circles.

Nation World Elon Musk says he's formed a new political party. But it's not clear if he actually has Musk hinted at using the party to influence the 2026 midterm elections. Credit: AP ...