Musk's proposal for a third party comes after disagreements with President Trump over a tax and spending bill that was passed. Does the world's richest man have a chance of succeeding where others have failed?

President Donald Trump says he's not worried about the political ramifications of Elon Musk's new political party.

US President Donald Trump dismissed Elon Musk’s newly announced “America Party,” suggesting it would help his campaign rather than hurt it.