The rift between President Donald Trump and his one-time ally Elon Musk is growing with the richest person in the world saying he will create a new political party in response to the passing of Trump’s massive tax and spending bill.

The dispute between U.S. President Donald Trump and Elon Musk took another turn on Saturday when the space and automotive billionaire announced the formation of a new political party, saying Trump's 'big,

The Tesla CEO says both parties have failed and claims The American Party will fight government bloat, attract disillusioned Democrats, and shake up the system.