The American Party. It sounds audacious, disruptive, and very Musk-like. But what is it exactly, and does it have any chance of shaking up America’s entrenched political order?

Steve Bannon has attacked Elon Musk over his plans to create a new political party. Speaking on his War Room podcast, President Donald Trump 's former chief strategist called out the South African-born billionaire, who has U.S. citizenship, and said he was "not American."

Elon Musk has said that he's formed a new political party, but it's unclear what steps — if any — he's taken to do so, or how the effort might affect upcoming elections. Musk has not yet released any additional information.