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.

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,