Tech billionaire Elon Musk has launched the "America Party" to challenge the Republican/Democrat two-party system, while President Trump has dismissed the idea as a "train wreck."

The man behind Ross Perot's 1992 presidential campaign is offering Elon Musk advice on building a third-party following the announcement Musk is creating what he calls the America Party. Perot, a billionaire Texas businessman,

The Anti-Masons were the first recognized third party. It was formed in 1828 in opposition to the Freemasons, a secret society. The disappearance of William Morgan, a former Mason who had threatened to expose secrets, fueled widespread paranoia about the shadowy group, which many believed was covertly controlling the government.

Following tech billionaire Elon Musk’s announcement of the new "America Party," some Republican lawmakers are urging caution and stressing that this move cannot be ignored. In a report published Wednesday,

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. Associated Press reporter Bill Barrow details the history of third-parties running for the presidential election.

The two men spoke about Mr. Musk’s push to create the America Party before the midterm elections. Mr. Yarvin has expressed support for a monarchy, along with provocative ideas about race.

I think Washington needs to be overhauled 100%, but I just don’t think a third party is going to do it,” DeSantis said.