Overview

• The Journal says Musk told allies he is refocusing on Tesla, SpaceX and X rather than advancing a new party that could siphon Republican votes.
• He has been nurturing ties with Vice President J.D. Vance and is weighing a 2028 financial boost if Vance runs, according to the report.
• Musk rejected the reporting on X, writing, "Nothing @WSJ says should ever be thought of as true."
• The America Party remains informal, with no FEC registration, and associates recently canceled a planning call with third‑party organizers, sources say.
• Allies told outlets he may revisit the idea ahead of the 2026 midterms after spending roughly $300 million backing Republicans in 2024.