ELON Musk has launched a new political following his explosive row with President Donald Trump.

The billionaire has promised he will “give back your freedom” via a post on X today.

It comes after Musk created an online poll on July 4 where he asked his followers if he should spearhead a fresh political party.

Of those polled, over 65% answered ‘yes’, which paved the way for the announcement.

“By a factor of 2 to 1, you want a new political party and you shall have it!” he wrote.

“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. 

“Today, the America Party is formed to give you back your freedom.”

It comes as Musk deleted a post on X last month claiming Trump had been named in the so-called “Epstein files”.

He had tweeted that Trump “is in the Epstein files. That is the real reason they have not been made public.”

The former allies were locked in an escalating war of words for days – throwing insults at each other in an explosive dispute.

When Trump was asked about a possible call with Musk to calm tensions, he told ABC News: “You mean the man who has lost his mind?”

“Not particularly,” he added when pressed on whether he planned to speak to the billionaire.

The rift appears rooted in Trump’s prized One Big Beautiful Bill Ac – a domestic spending package Musk has branded as a “disgusting abomination”.

The president hit back – reportedly threatening to strip Musk’s companies of federal subsidies.

Musk also called for Trump’s impeachment in June as the pair’s relationship crashed and burned.

The announcement of the new political party from Musk comes after President Donald Trump signed a tax-cut and spending bill into law on Friday, which the billionaire chief executive officer of Tesla fiercely opposed.

Musk spent hundreds of millions on Trump’s re-election and led the Department of Government Efficiency under the Trump administration aimed at slashing government spending, but the two have since fallen out over disagreements about the bill.

Trump earlier this week threatened to cut off the billions of dollars in subsidies that Musk’s companies receive from the federal government.

Musk said previously that he would start a new political party and spend money to unseat lawmakers who supported the bill.

Republicans have expressed concern that Musk’s on-again, off-again feud with Trump could hurt their chances to protect their majority in the 2026 midterm congressional elections.