Elon Musk’s Political Future Unclear as He Denies Plans for New Party, Supports Trump for 2024

In a recent development, tech mogul Elon Musk has refuted claims that he is abandoning plans to establish a new political party following disagreements with President Donald Trump’s domestic policy bill.

According to reports by The Wall Street Journal, Musk allegedly expressed concerns about founding a new party potentially straining his relationship with Vice President JD Vance, who is seen as a strong contender for the 2028 presidential election. However, Musk took to his social media platform X to dismiss these claims, stating, “Nothing @WSJ says should ever be thought of as true.”

Despite Musk’s denial, there seems to be a lack of tangible progress in the formation of a new political party. Despite his immense wealth and influence, creating a new party would involve significant political risks for Musk and his diverse business portfolio, with uncertain benefits at best.

While Musk has held discussions with figures such as former presidential candidate Andrew Yang and right-wing tech founder Curtis Yarvin regarding the idea of a new party, no official paperwork has been filed with the Federal Elections Commission.

Instead, records show that during the initial stages of Musk’s disagreement with the president in June, he made substantial donations totaling $5 million each to Republican causes – MAGA Inc., the Senate Leadership Fund, and the Congressional Leadership Fund.

In a conversation last month, a source close to Musk told CNN that the America Party was still in development, but an infrastructure was being put in place. However, recent social media activity by Musk suggests little movement towards establishing a new political party.

Over the past few weeks, Musk has continued his active posting on X, with most of his recent posts focusing on xAI’s Grok system. His occasional political posts have been less confrontational compared to July. In one such post, he even appeared to support Trump running for president again, despite constitutional barriers.

In response to a post by White House communications advisor Margo Martin on Monday, Musk responded with a fire emoji and a laughing emoji, accompanying a photo of President Trump showing Presidents Zelenskyy and Macron his “4 More Years” hat.

Vance, who the report suggests Musk might be considering as a candidate for the 2028 presidential election, attempted to mediate relations between Musk and Trump in a call with White House Chief of Staff Susie Wiles in June. The two leaders later had a telephone conversation.

However, Vance clarified on Wednesday that he has not discussed a potential 2028 presidential campaign with Elon Musk or any other donor. “I saw the story, and as far as I can tell, the story is completely fake,” Vance stated on Fox News. “I’ve never talked with Elon Musk, or, frankly, any other donor about 2028.”

In an interview last week with far-right outlet Gateway Pundit, Vance described Musk’s relationship with the Trump White House as “complicated” but expected and hoped for his support for the Republican Party ahead of the midterm elections in November.

A representative for Musk’s political action committee was unavailable to comment on this matter.