The tech billionaire formally declared the "America Party" after President Trump signed his signature bill, setting the stage for a dramatic political confrontation.

Elon Musk declared the launch of his new political party on Saturday, a project he has repeatedly floated in the weeks since his explosive breakup with President Donald Trump — but provided no details as to how he planned to jump through the hoops necessary to establish a viable alternative.

On Monday, June 30, Musk vowed that if the Republican-controlled Congress passed Trump's "Big, Beautiful Bill" — which the Tesla CEO has repeatedly slammed — he would form and fund the "America Party" in an effort to oust GOP lawmakers.