The Libertarian Party national chairman Steven Nekhaila on Tuesday suggested that Elon Musk, who has been openly criticizing President Donald Trump’s “big, beautiful bill,” should back the third-largest political party instead of creating a new one.

The pitch comes after Musk announced he will launch the “America Party” as an alternative to Republicans and Democrats if the GOP spending bill passes Congress.

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“Making a new third party would be a mistake,” Nekhaila told Politico. “The Libertarian Party is the most set-up party to be the dissident subversive party.”

Musk torpedoed his friendly relationship with the president over the megabill, which is estimated to add roughly $4 trillion to the national budget deficit over the next decade. Musk particularly dislikes the legislation because the Senate’s version raises the debt ceiling by $5 trillion.

While the bill eliminates electric vehicle tax credits that benefit car makers like Musk’s Tesla, the billionaire says that wasn’t the primary reason for his opposition to the measure, despite Trump claiming otherwise.

During the 2024 election cycle, Musk backed Trump with over $250 million. The Libertarian Party only receives between $1 million and $3 million for its yearly budget, and would welcome Musk’s financial support.

“Once the capital is there, the doors get blown wide open,” Nekhaila said.

The party’s head also argued that Musk should take advantage of its existing ballot access across the nation, which poses a challenge for new third-party efforts. No Labels, a political organization that pushed for a centrist presidential ticket last year, faced challenges getting on the ballot in several states for the 2024 election.

“There’s no way an independent or a new party can actually do this,” Nekhaila added. “It takes years and years and years, and the infrastructure and everything else. It’s not a fun process.”

On Tuesday, Musk announced he would back Rep. Thomas Massie (R-KY), a libertarian conservative congressman, in his reelection bid next year as he faces opposition from the Trump administration.

“He took a big hit to his businesses,” Nekhaila said of Musk after the latter invested his time and resources into the Trump administration before leaving unceremoniously. “He took a big hit to his reputation. He took a financial hit. He made an investment and got nothing in return.”

No Labels has also expressed interest in bringing Musk on board.

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“What he’s talking about is that partisanship in the two parties has created so many huge problems that the country isn’t working, as evidenced by what’s going on in Congress right now,” Dan Webb, a member of the group’s governing board, said.

Neither the Libertarian Party nor No Labels have heard back from Musk directly, according to Politico.