Can Elon Musk shatter America’s 2-party system?

Elon Musk

A viable third party is the great white whale of American politics — but Elon Musk appears willing to try it anyway.

Frustrated by Republican lawmakers’ support for the Big Beautiful Bill, the world’s richest man has repeatedly floated the idea of forming a new “America Party” to cater to disaffected fiscal conservatives and libertarians. Musk has even threatened to bankroll primary challenges against GOP members of Congress who backed the bill.

But political experts say...