Tech billionaire Elon Musk quietly shifted his attention to the formation of his “America Party,” a political party he proposed to create last month after dividing from the White House.
Musk wants to focus on his company and maintain a relationship with Vice President JD Vance, who could be a leading Republican contender for the President after Donald Trump, the Wall Street Journal reported On Tuesday, people with knowledge of his plans were mentioned.
Musk reported to his closely allies that if he continued to create a new party, it could pull Republican voters, which weakened party elections and prevented him from Vance, with whom he was said to have been in touch in recent weeks.
Musk, the richest man in the world, is said to have floated the idea of financially supporting Vance if he chooses to run for the President in the 2028 election.
Impact on 2026 midterm elections
Musk’s decision to back off from the creation of a political party would be a relief to the Republicans, as Musk threatened to target the major seats leading to next year’s midterm election, which included the aim of uniting some GOP lawmakers.
A polymarket poll indicated Users expect the Republican Party to win the Senate, along with Democrats who won the house in the 2026 midterm election.
Trump-Musk feud
Musk’s formation of a new political party in July emerged from his dispute with President Donald Trump after Congress passed a huge bill to spend where Musk objected.
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The bill, called a large Bill Act, is estimated to increase the US national debt by $ 3.3 trillion over the next decade.
Musk saw the bill as he removed his work on the efficiency of the government department, aimed at reducing government spending to reduce US national debt.
Trump Lambasted Musk for wanting to create a new political partythat says he was “from the railroad,” and the two entered into a public riot in the bill.
Tesla shareholders did not like the idea of muscle that starts a new political party, as the stock has weakened more than 20% as Musk polled X users in the creation of such a party in June.
Currently, users of the Polymarket prediction platform expect 53% Odds.
Another polymarket poll has vanced Vance’s chance to win a 2028 presidential election in 28%California governor Gavin Newsom was second with a second time.
People close to the muscle still have not ruled out the possibility of muscle creating a new party as the 2026 midterm elections closer.
One May Report Musk has indicated that his political donations after contributing $ 250 million to support Trump during his 2024 president’s campaign.
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