As a foreign-born U.S. citizen, Musk cannot run for president but he can support third-party candidates, who can put themselves on the ballot in every state, if they have enough signatures to support their bid. It is rare for third-party candidates to break through significantly.

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."

Elon Musk is now the leader of a newly announced political party called the ‘America Party’! This massive and shocking move came amid a reported fallout with Donald Trump due to significant differences in political opinions.