The Globe and Mail Aug 20 25
Musk quietly puts brakes on plans for new ‘America Party,’ WSJ reports:
The Tesla CEO unveiled plans for the new political party in July after a public spat with ...
theglobeandmail.com/world/article-musk-quietly-puts-brakes-on-plans-for-new-america-party-wsj-reports/
Photo: theglobeandmail.com · view article
Musk Delays Launch of New U.S. Political PartyThe Tesla CEO shifts focus to business and may finance VP Vance’s 2028 presidential bid amid Tesla’s stock decline.
Key FactsAug 20, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: theglobeandmail.com
Summary created with AI assistance · Source: theglobeandmail.com
- Elon Musk is pausing efforts to establish the 'America Party' to prioritize his business ventures.
- The party was revealed in July following a public disagreement with President Trump.
- Musk maintains close ties with Vice President JD Vance and considers backing his 2028 presidential run financially.
- Tesla’s shares have dropped over 18% this year, raising investor concerns about Musk’s divided attention.
Nothing @WSJ says should ever be thought of as true.— Elon Musk commented in an X post regarding the Wall Street Journal's report.
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