The Wall Street Journal previously reported Elon Musk was considering scrapping his plans to create a new political party and maintain close ties to Vice President J.D. Vance ahead of the 2028 presidential election. Report Claims Elon Musk Possibly To Ditch Plans Of Starting New Political Party – Here’s Why The Wall Street Journal wrote: The billionaire Elon Musk is quietly pumping the brakes on his plans to start a political party, according to people with knowledge of his plans. Musk has told allies that he wants to focus his attention on his companies and is reluctant to alienate powerful Republicans by starting a third party that could siphon off GOP voters. Musk’s posture marks a shift from early last month, when he said he would form what he called the America Party to represent U.S. voters who are unhappy with the two major political parties. As he has considered launching a party, the Tesla chief executive officer has been focused in part on maintaining ties with Vice President JD Vance, who is widely seen as a potential heir to the MAGA political movement. Musk has stayed in touch with Vance in recent weeks, and he has acknowledged to associates that if he goes ahead with forming a political party, he would damage his relationship with the vice president, the people said. Musk and his associates have told people close to him that he is considering using some of his vast financial resources to back Vance if he decides to run for president in 2028, some of the people said. Musk spent close to $300 million to support Trump and other Republicans in the 2024 election. Musk’s allies said he hasn’t formally ruled out creating a new party and could change his mind as the midterm elections near. Musk denied the outlet's reporting. "Nothing @WSJ says should ever be thought of as true," he said. Nothing @WSJ says should ever be thought of as true — Elon Musk (@elonmusk) August 20, 2025 Vance recently said he hopes Musk returns to the MAGA movement by the midterm elections. “I think it’s a mistake for him to try to break from the president. My hope is that by the time of the midterms, he’s kind of come back into the fold,” Vance said. “If you’re patriotic, you’re not trying to stick your knife in the back of the president, you’re not trying to betray the movement, I don’t care about these minor little disagreements and issues,” he added. Check it out: New: VP JD Vance says he hopes @elonmusk will come back into the MAGA movement: “I think it's a mistake for him to try to break from the president. My hope is that by the time of the midterms, he's kind of come back into the fold. If you're patriotic, you're not trying to… pic.twitter.com/8VH72AqkWF — The Calvin Coolidge Project (@TheCalvinCooli1) August 11, 2025 Fox News noted: After spending months working with the Department of Government Efficiency, Musk’s time at the Trump White House came to an end on May 30. Though they appeared on good terms, President Donald Trump and the tech billionaire began trading barbs almost immediately. A few days after leaving the administration, Musk posted on X — the social media platform he owns — criticizing legislation the Trump White House was promoting. "I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it," Musk wrote. His criticism continued, including memes and jabs aimed at the administration. Musk stayed firm in his opposition to the bill, citing the amount of spending as his reason for objecting to it. On June 5, Musk posed a question — and a poll — to his followers: Should there be a new political party? The next day, he announced that "the people have spoken. A new political party is needed in America to represent the 80% in the middle!"