Elon Musk suggested a third political party, which he’s floated as the “America Party,” will hold significant sway in the Senate and House under slim Republican margins, as he aspires to form a competing party after breaking with the GOP over President Donald Trump’s signature policy bill.

American history is littered with third-party bids that flared brightly only to fizzle out, he explained. George Wallace carried five Southern states in 1968 and Ross Perot grabbed nearly 19% of the popular vote in 1992 — yet neither cracked the two-party hold on the presidency.

Party Bid, But History and Experts Cast Doubt Elon Musk, the world's wealthiest man, is no stranger to ambitious ventures. From electric cars to space exploration, he's redefined industries. Now, he's setting his sights on what many political observers consider the "great white whale" of American