Musk Pauses “America Party” Ambitions
Elon Musk’s grand political experiment is on hold. According to a report from The Wall Street Journal, the Tesla and SpaceX CEO has quietly shelved plans to launch his much-hyped “America Party” — a move that could have disrupted the Republican Party vote and sent shockwaves through Washington, D.C..
Backing JD Vance for 2028
Instead, Musk appears to be throwing his weight behind Vice President JD Vance, who is widely seen as a top contender for the 2028 GOP presidential nomination. Sources close to Musk say he believes forming a third party now could splinter Republican support, inadvertently handing Democrats an edge and straining his ties with Vance, an ally in recent months.
Insiders also revealed that Musk is considering financially backing Vance if he decides to run, a move that could give the vice president a massive campaign boost.
Market and Political Reactions
This pivot marks a dramatic shift from just weeks ago, when Musk’s feud with former President Donald Trump over a $3.3 trillion spending bill inspired him to consider launching a political party. The fallout rattled markets, with Tesla shares plunging over 20% as Musk openly polled his X (formerly Twitter) followers on the idea.
For Republicans, Musk’s retreat comes as a relief ahead of the 2026 midterm elections, where he had threatened to fund challenges against certain GOP lawmakers. Meanwhile, prediction markets are already signaling optimism for Vance, giving him a 53% chance of securing the Republican nomination and a 28% chance of winning the presidency.
What’s Next for Musk?
While Musk hasn’t completely ruled out resurrecting the “America Party” in the future, his current focus appears to be on his companies — and ensuring his influence remains strong in the political arena without alienating potential allies.
