Overview

• The reported pullback is attributed to people familiar with the matter who told the Journal he is pumping the brakes on building a third party.
• Musk has told allies he wants to concentrate on his businesses rather than pursue the America Party effort.
• The shift marks a reversal from his July announcement of the America Party, which remains without formal certification or a public organizational structure.
• The Journal also reported he is considering financial support for Vice President JD Vance if Vance seeks the presidency in 2028.
• Reuters relayed the Journal’s account and noted it could not immediately verify the reporting.