The tech billionaire formally declared the "America Party" after President Trump signed his signature bill, setting the stage for a dramatic political confrontation.

On Monday, June 30, Musk vowed that if the Republican-controlled Congress passed Trump's "Big, Beautiful Bill" — which the Tesla CEO has repeatedly slammed — he would form and fund the "America Party" in an effort to oust GOP lawmakers.

Elon Musk is threatening Republicans who voted for President Donald Trump's "big, beautiful bill," posing a challenge for the president and his allies as they attempt to overcome midterm headwinds, The Hill reported.