Musk would need to overcome many hurdles to establish a third party. Similar efforts, including the late billionaire Ross Perot’s, haven’t lasted.

Musk’s outrage over Trump’s signature legislation fuels a pledge to rejoin the political fray, despite the wounds he’s taken and the poor electoral record of mavericks.

Elon Musk’s feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party and Trump suggesting Musk could be punished for his opposition.