Elon Musk is shelving plans to formally launch his “America Party,” wary of undercutting Republican allies in Washington — and particularly his growing relationship with Vice President JD Vance.

Musk, who floated the idea of a third party earlier this summer, has told associates he doesn’t want to risk fracturing the GOP’s base, according to the Wall Street Journal. The Tesla and SpaceX CEO has also signaled he’d rather stay focused on his businesses than mount an immediate political campaign.

The calculation reflects Musk’s interest in protecting his ties to Vance, widely seen inside the party as a leading contender to carry the MAGA movement into the 2028 presidential election. Musk has indicated to allies he would be prepared to back a Vance presidential bid financially. He poured nearly $300 million into Trump and GOP candidates during the 2024 cycle, a record-breaking investment that Republicans credit with helping secure Trump’s reelection.

Still, Musk has not closed the door on his “America Party.” Sources told the Journal that he may revisit the idea after the 2026 midterms, depending on how the political landscape looks in Congress.

Musk first floated the breakaway party during a high-profile spat with Trump over the “Big Beautiful Bill Act,” which Musk derided as a “disgusting abomination.” At the time, he proposed targeting a handful of Senate and House races to gain leverage in Washington.

Asked about the Journal’s reporting, Musk responded in characteristic fashion on X: “Nothing @WSJ says should ever be thought of as true.”

(YWN World Headquarters – NYC)