Musk said he wants to form the America Party. A third party has never won the presidency, but they have influenced elections, experts say — mostly as spoilers.

Ken Martin, the chair of the Democratic National Committee, said Musk's effort is "going to have to be taken serious by both parties."

Replying to a tweet that questions the America Party’s stance on cryptocurrency, Musk gave a brief answer that indicated his lack of faith in the U.S. dollar. “Will America Pa