Elon Musk Halts Third-Party Plans, Supports VP Vance

Elon Musk has paused his plans to launch a third U.S. political party called the 'America Party,' choosing instead to refocus on his business ventures such as Tesla and SpaceX. This decision follows a public fallout with President Donald Trump and concerns about alienating influential Republicans, particularly Vice President JD Vance, whom Musk is considering financially supporting for a potential 2028 presidential run. Musk’s shift comes amid Tesla's financial challenges, with its stock experiencing significant declines and concerns about the company's future without continued government support for electric vehicles. Despite previously investing nearly $300 million to back Trump and other Republicans in 2024, Musk's relationship with Trump has soured, leading him to align with Vance, who is viewed as a likely successor to Trump within the GOP. The formation of the new party is also hindered by organizational delays and lack of momentum, with some political figures and libertarian groups noting an 'eerie silence' regarding Musk's third-party ambitions. Sources suggest Musk has maintained contact with Vance and believes launching a third party could harm their relationship, so he may reconsider the party plans closer to the 2026 midterm elections.