Elon Musk is reportedly putting the brakes on launching his new political party in order to maintain ties with prominent Republicans — especially Vice President JD Vance, who the billionaire is eyeing to back in 2028.
Musk had vowed that his “America Party” would challenge the two-party system, however, he told those close to him that he’d rather focus on his businesses than pull voters away from his Republican allies in Washington, the Wall Street Journal reported.
The Tesla CEO is particularly keen on keeping ties with Vance, who is widely speculated to inherit the MAGA movement after President Trump completes his second term.
Musk has told associates that forming the “America Party” would damage that relationship, according to the paper.
Musk, the richest man in the world, has expressed to those in his circle that he would financially back Vance if he made a run for the White House in 2028.
He dumped nearly $300 million on Trump and other Republican campaigns in the 2024 elections, propelling Trump to a second presidential victory.
Still, Musk hasn’t completely ruled out moving forward with the new party and is waiting to see how the 2026 midterm elections shake out, the tech mogul’s allies told the Journal.
Musk first threatened to start a new political party last month during his public spat with Trump over his Big Beautiful Bill Act — which Musk called a “disgusting abomination.”
He initially proposed targeting “2 or 3 Senate Seats and 8 to 10 House districts” giving them just enough influence to impact key votes on controversial legislation.
Musk, without commenting further on the Journal’s report, posted on X, “Nothing @WSJ says should ever be thought of as true.”
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