Elon Musk’s announcement that he plans to form a new political party came easily, with the billionaire simply posting his intentions on his social media platform, X. Now comes the hard part. If the world’s richest man seriously pursues his goal of standing up what he calls the America Party,

MAGA supporters could be "drawn to Musk's views about government spending, technology and trade," a political scientist told Newsweek.

Elon Musk has said that he's formed a new political party, but it's unclear what steps — if any — he's taken to do so, or how the effort might affect upcoming elections. Musk has not yet released any additional information.