Elon Musk says he has formed a new political party called the America Party. But it remains unclear what formal steps, if any, he has taken to establish it.

Elon Musk has announced the formation of a new political party, "The American Party." What happened to former Orlando attorney John Morgan's new party?

The billionaire says the America Party aims to disrupt U.S. politics, but with no candidates yet and major ballot hurdles ahead, its future remains uncertain.