Tesla CEO and world's richest person Elon Musk has said he can no longer vote for Democrats and will vote for Republicans instead this year.

Axar.az reports citing foreign media that Musk has twice criticised Democrats this week because of their leftward leaning but he stopped short of considering himself a Republican. He called himself a moderate.

He said in a podcast, "I would classify myself as a moderate, neither Republican or Democrat. In fact, I have voted overwhelmingly for Democrats historically. Overwhelmingly. I might never have voted Republican. Now, this election? I will."

Musk repeated this in a tweet on Thursday, saying the Democratic Party has shifted from kindness to hate and divisions.