Musk said he wants to form the America Party. A third party has never won the presidency, but they have influenced elections, experts say — mostly as spoilers.

Ken Martin, the chair of the Democratic National Committee, said Musk's effort is "going to have to be taken serious by both parties."

Elon Musk soft-launched a third party over the weekend, and so far, the billionaire seems to be manifesting his “America Party” into existence.