India, July 6 -- Billionaire Elon Musk on Friday announced the formation of a new political outfit-the 'America Party'-just a day after floating the idea on X, formerly Twitter.

The Tesla CEO, who reacted positively to social media posts suggesting the idea, said the decision was made in response to overwhelming support from users on the platform.

"By a factor of 2 to 1, you want a new political party and you shall have it!. Today, the America Party is formed to give you back your freedom," he said in a post on X.

The surprise announcement comes amid Musk's growing public rift with US President Donald Trump, who he once considered a key ally.

Musk had poured hundreds of millions into Trump's re-election campaign and even headed the De...