U.S. President Donald Trump expressed that he is 'not concerned' about the declaration of a new party by Elon Musk, CEO of Tesla.
On the 8th (local time), President Trump met with reporters at a Cabinet meeting in the White House and said, 'I think it (Musk's new party) will help us.'
'It may be helpful,' he added, 'A third party has always been advantageous for me. I can't say the same for the Republican Party, but it has been for me.'
Musk announced the founding of the 'American Party' on the 5th. He voiced concerns about President Trump's so-called 'big and beautiful legislation' but immediately after failed to gain support from Republican lawmakers.
Musk claimed that the new party will 'fight against the single-party system where the Republicans and Democrats are bound together,' saying, 'Both parties are equally bankrupting America.'
In the 2024 presidential election, Trump's camp supported third-party candidates including Jill Stein of the Green Party Korea, Cornel West, and Robert F. Kennedy Jr. to disperse votes from Democratic candidate Kamala Harris.
However, it remains unclear whether Musk will actually move forward with building a third party.
Musk needs to meet complex qualification requirements to field candidates in all 50 states during the 2026 midterm elections, regardless of his economic freedom. The challenge is how Musk, who is disliked by the left and has now fallen out with Trump, will recruit candidates without a clear policy.
Recent third parties in the U.S., including the Libertarian Party and the Green Party Korea, have failed to secure a single congressional seat.
The last third-party presidential candidate who posed a real threat to the White House was Ross Perot, who recorded 19% of the vote in 1992 but won in only one state.