Its easy for astute political observers to dismiss Musks proposed "America Party" as doomed to fail. For decades, political professionals and political scientists alike have scoffed at the notion of a nationally viable third party.

President Trump said Elon Musk's new third party is "good for me" but maybe not for other Republicans during a press conference.

President Donald Trump and Elon Musk are trading public insults after the Tesla billionaire suggested he'll create a new political party, "America Party."