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."

After his split with President Trump, Elon Musk says he's forming a new political party, perhaps to compete for key congressional contests. It likely wouldn't be easy.

Elon Musk's net worth has taken a $15.3 billion hit after the Tesla CEO announced he was to form a new political party. The news sent ripples through financial markets and spooked investors concerned about Musk's political ambitions and possible implications for Tesla's brand and business operations.