The tech billionaire Elon Musk has quietly shifted his focus away from forming his 'America Party,' a political party he proposed to create last month after separating from the White House.
Musk wants to concentrate on his company and maintain ties with Vice President JD Vance, who could be one of the leading Republican candidates for president after Donald Trump, The Wall Street Journal reported on Tuesday, citing people familiar with his plans.
Musk reportedly told his close allies that if he continued with the creation of the new party, it could attract Republican voters, weakening that party's electoral chances and distancing it from Vance, with whom he has reportedly been in contact in recent weeks.
Musk, the richest person in the world, has raised the idea of financially supporting Vance if he decides to run for president in the 2028 elections.
Musk's decision not to create a political party would be a relief for Republicans, as Musk had threatened to target key seats ahead of next year's midterm elections, which would include aiming to unseat some Republican lawmakers.
A Polymarket poll indicated that users expect the Republican Party to win the Senate and the Democrats to win the House of Representatives in the 2026 midterm elections.
