Here's what it would take for Elon Musk to launch a third-party effort to represent what he called "the 80% in the middle."

The tech billionaire says a new party is needed to break up what he calls a "uniparty" system that features Republicans and Democrats.

Elon Musk says he has formed a new political party called the America Party. But it remains unclear what formal steps, if any, he has taken to establish it.