Can Elon Musk become USA President?

Elon Musk versus Donald Trump for US Presidential Elections 2028 may look a far-fetched idea but the world's richest man is striving for the world's most powerful position.

AP
Elon Musk announces the formation of the America Party through a social media post on X.
Elon Musk has decided to take plunge into active politics by announcing the birth of his "America Party" with an aim to defeat Republicans who backed President Donald Trump's massive tax-cut and spending bill. Breaking the two-party system's grip on U.S. federal elections would take tremendous resources and a long-term commitment, political experts say. Similar attempts have failed, underscoring how difficult it is to gain a foothold in a country where elections are organized on a state-by-state level.

Major Challenges before Elon Musk

There are just very, very significant barriers to the creation of a viable third party, said David A. Hopkins, a Boston College political science professor. He said challenges include building party infrastructure, organizing volunteers and qualifying for the ballot.


David Jolly, a former Republican congressman from Florida who left the party over Trump, said Musk can provide what has long been required for such a push: money. "What the independent space has been lacking has been resources," Jolly said. "It's more than filing with the Federal Election Commission. It's really starting 50 state parties. You’re talking about $100 million just to enter the space with real serious intent."

Jolly estimated it would take Musk 10 years and perhaps $1 billion to build a viable national party – and said Musk’s recent history with his Department of Government Efficiency suggests the billionaire may not be in it for the long haul. Musk left DOGE after just a few months in Trump’s administration, having delivered little of the savings he promised.

In 2016, former New York Mayor Michael Bloomberg, another billionaire, made a similar conclusion, rejecting the idea of running for president as an independent, saying that such a candidate would have "no chance of winning."
ADVERTISEMENT

Will Elon Musk Succeed in US Midterm Elections?

Musk could have chosen a more traditional path, using his political action committee to back Republican challengers to incumbents in the party primaries ahead of next year's midterm elections, which will determine control of Congress. He was the largest donor in the 2024 U.S. campaign cycle, making nearly $300 million in contributions, mostly focused on helping Trump return to the White House. Not all his political efforts have paid off. He poured millions of dollars into a Wisconsin Supreme Court election in April, only to see his preferred candidate fail. His efforts to convince Republicans in the U.S. Congress not to pass Trump's tax bill also fell flat.

It is unclear how effective he would be in backing independents in a handful of competitive U.S. House of Representatives races.

As it is, the roughly three-dozen races deemed competitive by nonpartisan analysts are often already swamped with cash from political parties and outside fundraisers, and the candidates themselves typically are ideologically more moderate - which would make it harder for Musk’s candidates to differentiate themselves.
ADVERTISEMENT

Historically, congressional candidates outside the two parties have struggled to overcome disadvantages in local efforts to organize and get out the vote. More often, independents have served as spoilers – siphoning away votes from either the Democrat or Republican.

FAQs


ADVERTISEMENT
Q1. Who is President of USA?
A1. President of USA is Donald Trump.

Q2. What is name of Elon Musk political party?
A2. Elon Musk's political party name is "America Party".
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › US News › Can Elon Musk become USA President?
Text Size:AAA
Success
This article has been saved

*

+