Due to work pressures and political relations.. Musk backs down from founding "America Party"

After the idea of founding the "America Party" sparked widespread controversy, billionaire Elon Musk announced his decision to back down from proceeding with the project for now, according to reports.

A report published by the "Wall Street Journal" based on informed sources stated that Musk decided to postpone plans to launch the party, which he had promoted in early July as an alternative to the prevailing two-party system. His desire to "focus on Tesla and SpaceX," along with the need to "maintain good relations with Republican lawmakers like Vice President J.D. Vance," led him to temporarily delay those plans.

Sources revealed that "meetings regarding the America Party have been canceled," indicating Musk's shift in focus towards greater concentration on his business ventures. However, the idea has not been completely ruled out, as insiders did not dismiss "the possibility of reviving the initiative later, especially with the midterm elections approaching."

This backtrack comes just one month after Musk's initial statements about his intention to launch a new party to represent Americans seeking a different option. Concerns about harming his political alliances appeared to be a decisive factor, as those close to him suggested that "if he proceeded with creating the party, it could damage his relationship with Vance and jeopardize his future support, especially if he runs for president in 2028."

While Musk has not officially ruled out the possibility of launching the party in the future, reports indicate that his political efforts have taken a more focused approach on direct support, as "his campaign in 2024 spent about $300 million to support Trump and other Republicans, with Vance remaining one of the most prominent potential beneficiaries of his political and financial support."

The idea of the new party was previously met with "mockery and seriousness from some Republicans," in a move seen as preserving party cohesion before the midterm elections, which could become complicated if Republican votes split in favor of a third party.