CEO Elon Musk to face a lawsuit accusing him of running an illegal $1 million-a-day election giveaway during the 2024 presidential campaign. Musk Faces Plausible Claims of Misleading Voters With Fake Lottery Scheme U.

Musk first floated an independent "America Party" earlier this year after he publicly split with the Trump administration over items in President Donald Trump's "One Big Beautiful Bill." The party formally launched last month.

Billionaire Elon Musk is quietly putting the brakes on plans to start his new political party, telling allies he wants to focus on his companies, the Wall Street Journal said on Tuesday, citing people with knowledge of the plans.

Earlier this year, after his high-profile falling-out with Donald Trump, Elon Musk mused about starting his own political third party, a distinct shift after the Tesla CEO poured hundreds of millions of dollars into Republican campaigns and causes.