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But beneath the bombast and social media fanfare, Musk’s new political party risks being nothing more than a costly distraction, a shiny new toy that will ultimately squander time, money and political ...

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The billionaire’s latest venture into U.S. politics points to cracks in the two-party system—even if it might flop.

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With his eyes on the midterms, Elon Musk says he's starting a new political party. It's a move that could appeal to a key group Trump made gains with last fall: young voters, particularly young men.