The tech billionaire's "America Party" announcement, following his break with President Trump, has sparked anger among conservative loyalists on social media

"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.

Elon Musk announced the formation of the America Party after receiving public support. The party aims to challenge the two-party system in the US. Musk is expected to finance it, potentially redirecting funds from his political action committee.