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Musk quietly puts brakes on plans for new political party

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in What the Papers are Saying

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Musk quietly puts brakes on plans for new political party, WSJ says

 

Billionaire Elon Musk is quietly putting the brakes on plans to start his new political party, telling allies he wants to focus on his companies, the Wall Street Journal said on Tuesday, citing people with knowledge of the plans.

Musk, without commenting further on the report, said in an X post: "Nothing @WSJ says should ever be thought of as true".

Musk, the world's richest man, unveiled the 'America Party' in July after a public dispute with President Donald Trump on the tax cut and spending bill.

 

He has recently been focused in part on maintaining ties with Vice President JD Vance, the paper said, and has acknowledged to associates that forming a political party would damage his relationship with Vance.
Musk, the world's richest man, and his associates have told people close to Vance that the billionaire is considering using some of his financial resources to back Vance if he decides to run for president in 2028, the paper said.
 
The CEO of Tesla (TSLA.O), opens new tab and SpaceX spent nearly $300 million in 2024 to help Trump and other Republicans get elected, exerting enormous influence in the first few weeks of Trump's term as head of newly created efficiency department DOGE.
 
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