President Donald Trump says he's not worried about the political ramifications of Elon Musk's new political party.

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the president’s sweeping tax cuts law.

President Trump said Elon Musk's new third party is "good for me" but maybe not for other Republicans during a press conference.