Building a viable new political party to rival the Democrats and Republicans is enormously difficult and expensive. Small wonder it hasn’t been done.

As a rule, third party candidates don’t win in the United States. Then again, a third-party bid has never had the backing of the world’s richest man.

Elon Musk's new political party could split the right-wing vote but is unlikely to succeed in any major way, experts have told Newsweek. While Musk cannot run for president because he was born in South Africa,