Reportedly, it turns out that the political outfit has officially registered with the Federal Election Commission (FEC). Called 'America Party (AMEP),' the new organization registered with the FEC on July 6 under Filing FEC-1898441 and FEC Committee ID-C00910323.

Musk officially filed paperwork with the Federal Election Commission Sunday to establish his so-called “America Party” after he pledged to hit back against Republicans for passing President Donald Trump’s “Big Beautiful Bill,” which is projected to add $4.5 trillion to the national debt.

"When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk said in the announcement.