Elon Musk reportedly eyeing JD Vance for 2028 as he hits the brakes on plans for a new political party
Musk had vowed that his 'America Party' would challenge the two-party system, however, he told those close to him that he'd rather focus on his businesses than pull voters away from his Republican allies in Washington, the Wall Street Journal reported.
The Tesla CEO is particularly keen on keeping ties with Vance, who is widely speculated to inherit the MAGA movement after President Trump completes his second term.
3 Elon Musk attends a news conference with President Donald Trump in the Oval Office of the White House, Friday, May 30, 2025, in Washington.
AP
Musk has told associates that forming the 'America Party' would damage that relationship, according to the paper.
Musk, the richest man in the world, has expressed to those in his circle that he would financially back Vance if he made a run for the White House in 2028.
He dumped nearly $300 million on Trump and other Republican campaigns in the 2024 elections, propelling Trump to a second presidential victory.
Still, Musk hasn't completely ruled out moving forward with the new party and is waiting to see how the 2026 midterm elections shake out, the tech mogul's allies told the Journal.
3 Vice President JD Vance (C) exits the Oval Office in the opposite direction as President Trump and Musk (R) walk away before departing the White House on his way to his South Florida home in Mar-a-Lago in Florida on March 14, 2025.
AFP via Getty Images
3 Musk jumps on the stage as President Donald Trump speaks at a campaign rally at the Butler Farm Show, Oct. 5, 2024, in Butler, Pa.
AP
Musk first threatened to start a new political party last month during his public spat with Trump over his Big Beautiful Bill Act — which Musk called a 'disgusting abomination.'
He initially proposed targeting '2 or 3 Senate Seats and 8 to 10 House districts' giving them just enough influence to impact key votes on controversial legislation.
Musk, without commenting further on the Journal's report, posted on X, 'Nothing @WSJ says should ever be thought of as true.'
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