The Wall Street Journal reported that billionaire Elon Musk is stepping back from launching his proposed America Party, choosing to prioritise his companies, Tesla and SpaceX. The decision follows a public dispute with President Donald Trump and reflects Musk’s intent to maintain ties with Vice President JD Vance.
Musk announced the America Party in July 2025, criticising Trump’s tax cut and spending bill. However, he now acknowledges that forming a political party could strain his relationship with Vance, a key Republican figure. Sources told The Wall Street Journal that Musk is considering financial support for Vance’s potential 2028 presidential run, redirecting his political influence.
🇺🇸 JUST IN: Elon Musk is reportedly putting a pause on his plans to launch his pro-Bitcoin "America Party", choosing to focus on his companies instead per WSJ. pic.twitter.com/Z748pyBbFD
— Cointelegraph (@Cointelegraph) August 20, 2025Musk’s Political and Business Influence
As CEO of Tesla and SpaceX, Musk spent nearly $300 million in 2024 to support Trump and other Republicans, notably leading the Department of Government Efficiency (DOGE) early in Trump’s term. Despite his political involvement, Tesla shares have dropped 18% in 2025 after a weak quarterly sales report in July, prompting concerns about Musk’s focus. He warned of “a few rough quarters” following the end of electric vehicle support under the Trump administration.
Vance, who urged Musk to rejoin the Republican fold after their public feud, remains a focal point of Musk’s political strategy. By pausing the America Party, Musk aims to preserve this alliance while addressing investor worries about his time allocation amid Tesla’s challenges.
Musk’s decision to focus on Tesla and SpaceX signals a pivot toward stabilising his business empire. As he navigates political and corporate landscapes, his potential backing of Vance in 2028 could reshape his influence in U.S. politics, while his companies face critical growth challenges.
