Elon Musk, the single biggest Republican donor in the 2024 elections, says he wants to create a new political party to lower the US national debt, which currently stands at $37 trillion.

GOP lawmakers voiced concern that Elon Musk could use his endless pockets to drive a wedge among conservatives with his America Party.

Here's what it would take for Elon Musk to launch a third-party effort to represent what he called "the 80% in the middle."