DONALD Trump has said he’s ‘saddened to watch Elon Musk go completely ‘off the rails”; after the Tesla CEO announced he was launching a new political party.

It comes after Elon Musk said on Friday that he had set up the America Party – in a bid to challenge the Republican and Democratic two-party system.

Photo of Donald Trump and Elon Musk in the Oval Office.

Screenshot of Donald Trump's Truth Social post criticizing Elon Musk.

Trump slammed Musk’s proposal, arguing third political parties never succeed in the US and only create “complete and total disruption and chaos”;.

Musk previously cited a poll in which he asked whether respondents “want independence from the two-party (some would say uniparty) system”; that has dominated US politics for two centuries.

The yes-or-no survey earned more than 1.2 million responses.

Musk wrote on Saturday on his social media platform X: “By a factor of 2 to 1, you want a new political party and you shall have it!”;

“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom,”;he wrote.

It comes after a massive fall-out between the US president and the world’s richest man over the new budget law.

Musk claimed the “Big, Beautiful Bill”; would bankrupt the US.

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