Reportedly, it turns out that the political outfit has officially registered with the Federal Election Commission (FEC). Called 'America Party (AMEP),' the new organization registered with the FEC on July 6 under Filing FEC-1898441 and FEC Committee ID-C00910323.

Elon Musk announced the formation of the “America Party” on Saturday, claiming it will restore Americans’ freedom, CNBC reported. The move followed a poll Musk posted on X, in which he stated that support for a new party was “2 to 1.

Musk has not released an official party platform and has reported a false filing of the proposed political party to the Federal Election Commission. Here's what you need to know about the America Party and what this means for Musk's electric car company: Tesla.