Elon Musk, founder and CEO of Tesla (TESLA), and founder of the America Party

After a falling out with US President Trump, Elon Musk once announced the creation of a third party, challenging the two-party system that has dominated American politics.

However, the latest news shows that he is quietly putting his party-building plans on hold. According to a report by the Wall Street Journal on August 19, sources familiar with the matter said that Musk is quietly suspending his plan to establish a political party.

Musk had told his allies that he wanted to focus on his companies and did not want to form a third-party political party, as it might alienate powerful Republicans, which would take away Republican voters.

According to insiders, Musk has been in contact with US Vice President Vance in recent weeks and admitted to colleagues that continuing his party-building efforts would damage his relationship with Vance.

Some insiders said that Musk and his colleagues have told their close associates that if Vance decides to run for president in 2028, he is considering using part of his substantial wealth to support him.

Musk spent nearly $3 billion in the 2024 election to support Trump and other Republicans. Musk's allies said he has not officially ruled out the possibility of forming a new political party, and he may change his mind as the midterm elections approach. If Musk decides to abandon his plan to form a third party, it would be a big victory for the Republicans.

Historically, third parties often act as spoilers, taking votes from the two major parties. For Vance, whether he can retain Musk is crucial to his future presidential ambitions.

Musk once supported the Democratic Party, but he supported the Republican Party in the 2024 US election. Although Trump won the election with Musk's help, Musk also served as the head of the "Department of Government Efficiency" and was at the peak of his influence. However, Musk eventually had a falling out with Trump over the "Big and Beautiful" bill, and their relationship is now strained.

Musk announced the establishment of the "America Party" on July 5, vowing to challenge the two-party system that has dominated American politics, while making the disclosure of more Epstein files a key task.

However, more than a month after this announcement, Musk has not yet registered the party. Recently, there were reports that Musk donated $5 million each to two major Republican super political action committees on June 27, becoming the largest individual donor in the first half of 2025.

At the same time, Trump said on August 6 that Musk is a good person. "I think he went through some really bad times, really bad times. But he's a good person, and I believe that."

US Vice President Vance also hopes that Musk will return before the mid-term elections next year. Vance said in an interview on August 10, "His (Musk) relationship with the Trump administration is obviously complicated right now. I want to tell Elon that you can't go back to the left wing anymore, even if you want to, of course he doesn't, and they won't take you back. That ship has already sailed." He also said, "So I really think that trying to break away from the president was a mistake. So I hope by the mid-term elections, he will completely come back."

Vance also said he hopes the dramatic events surrounding Musk and the White House over the past few months will subside, "because he really helped us a lot in the election, even the president said that in the last election, Elon was a very critical part of the team. Although the president is still somewhat disappointed."

Original article: https://www.toutiao.com/article/7540479967575786024/

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