Musk intends to form the "American Party." The "American Party" is the name Musk has given to this new American political party, aimed at opposing Trump.

Elon Musk conducted an online survey, and 80% of netizens supported the establishment of a new political party representing American centrist voters. Musk then named this new conceptual party "American Party" on social media.
As the feud between Trump and Musk escalates, their relationship deteriorates further. The highly efficient Musk is preparing to retaliate against Trump quickly, one method being to establish a new American political party to undermine Trump's midterm elections with the Republican Party.
Vox News in the United States believes that what Musk is doing could indeed affect the Republican midterm elections, where more than 40 House representatives and 7 Senate seats are in a swing state. If Musk concentrates his financial resources to send candidates in these districts and disperses the Republican votes, the Republican Party may lose control of the House and Senate after the midterm elections, leaving Trump as a lame-duck president.