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 has announced the formation of a new political party, "The American Party." What happened to former Orlando attorney John Morgan's new party?

I’m excited for anyone who wants to move on from the duopoly,” Yang said. “And I’m happy to help give someone a sense of what the path looks like.”