Elon Musk Responds to Report He’s Backing Away From Launching Third Party

Elon Musk seemed to shrug off a report that he’s abandoning plans to build a third political party but did not outright assert he was moving forward with the idea. 

The Wall Street Journal reported Tuesday evening that Musk “is quietly pumping the brakes on his plans to start a political party, according to people with knowledge of his plans.”

However, in a post on X Wednesday, Musk said, “Nothing @WSJ says should ever be thought of as true.”

While taking a shot at the newspaper, Musk did not address the plans for the America Party directly. 

Musk’s allies further said he “hasn’t formally ruled out” building the America Party.

The Journal story said the world’s wealthiest man likely wanted to support Republican Vice President JD Vance for president in 2028, and that he told “allies that he wants to focus his attention on his companies and is reluctant to alienate powerful Republicans by starting a third party that could siphon off GOP voters.”

In the second Trump administration, Musk led the Department of Government Efficiency to cut waste, fraud, and abuse in the federal government. However, he had a falling out with President Donald Trump over the amount of spending in the “One Big, Beautiful Bill,” complaining it would add to the national debt. 

After that, Musk posted on X in July, “Today, the America Party is formed to give you back your freedom.” 

The Daily Signal contacted Musk’s companies Tesla, X, and SpaceX to try to reach a Musk representative for comment, and also reached out to Vance’s office for comment.