President Donald Trump weighed in Friday on billionaire Elon Musk 's threat to form a new political party to challenge Democrats and Republicans .

The Context

Trump and Musk had a high-profile alliance during the 2024 campaign and during the first few months of Trump's second term, with Musk spending millions of dollars to help Trump get elected in November and Trump later tapping him to lead the Department of Government Efficiency (DOGE).

But their relationship has devolved in the last several days, as Musk excoriated the Trump-backed "One Big Beautiful Bill Act" as "outrageous" and "pork-filled," adding that it's a "disgusting abomination." Trump hit back at his onetime close ally, saying Musk has gone "crazy," accusing him of having "Trump derangement syndrome" and threatenin

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