Elon Musk will put his plans for his own political party in the refrigerator for the time being. The tech billionaire now seems to shift his focus to maintaining close ties with vice-president JD Vance, who is seen by many as a favorite for the Republican nomination in the presidential elections of 2028.
The big question is whether Musk is definitely supporting Vans, or whether he later removes his so -called “America Party”.
Conflict with Trump led to idea America party
According to The Wall Street Journal, Musk had intensive contact with Vance in recent weeks. In addition, he would even have indicated that he wanted to support VANCE financially if it applies in 2028.
Musk’s earlier plan for a new party arose after a public conflict with President Donald Trump. The reason was an extensive budget package that would increase the US national debt with an estimated 3.3 trillion dollars. Musk saw that bill as a direct undermining of his earlier work at the Department of Government Efficiency.
However, setting up your own party turned out to be risky. Internal calculations showed that part of the Republican supporters could go through, which would harm the opportunities of Vance. Tesla shareholders also responded negatively. After Musk held a poll on the founding of a party in June, the share plummeted by more than twenty percent.
JD Vance Favorite for 2028
For the Republicans, Musk’s turn comes like a relief. Earlier he threatened to undermine Republican seats at the Midterms of 2026, but that danger seems to be gone for the time being. Analysts state that this gives the party extra breathing space in the battle for the congress.
On forecast Platform Polymarket, VANCE is now being seen as the most important candidate for the Republican nomination in 2028, with a 53 percent chance. Governor Gavin Newsom is eighteen percent on the Democratic side.
Yet Musk remains unpredictable. Although he donates much less this year than in 2024, when he still put $ 250 million in Trump’s campaign, insiders take into account that he will still be popping up with his own party just before the mid -terms.
Source: https://newsbit.nl/elon-musk-schuift-plannen-voor-eigen-partij-opzij-en-zoekt-toenadering-tot-jd-vance/
