• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Elon Musk halts plans for new political party, prioritizing business instead: report

by August 20, 2025
written by August 20, 2025

Less than three months after its launch, Elon Musk’s ‘America Party’ appears to have been shelved.

Musk allegedly told associates that he wants to focus on his companies and avoid starting a party that could siphon voters from the GOP, the The Wall Street Journal reported, citing people familiar with his plans.

Musk has also allegedly worked to maintain ties with Vice President JD Vance, considered the heir apparent to the MAGA movement, according to WSJ. The outlet added that the tech billionaire reportedly told associates he was concerned that forming a new political party would damage his relationship with the vice president.

While the plan is paused at the moment, Musk’s allies told WSJ that he has not formally ruled out launching the America Party and could revisit the idea as the 2026 midterms approach.

After spending months working with the Department of Government Efficiency, Musk’s time at the Trump White House came to an end on May 30. Though they appeared on good terms, President Donald Trump and the tech billionaire began trading barbs almost immediately.

A few days after leaving the administration, Musk posted on X — the social media platform he owns — criticizing legislation the Trump White House was promoting.

‘I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it,’ Musk wrote.

His criticism continued, including memes and jabs aimed at the administration. Musk stayed firm in his opposition to the bill, citing the amount of spending as his reason for objecting to it.

On June 5, Musk posed a question — and a poll — to his followers: Should there be a new political party? The next day, he announced that ‘the people have spoken. A new political party is needed in America to represent the 80% in the middle!’

Musk asked a similar question nearly a month later, on July 4, the day Trump signed the ‘big, beautiful bill.’

‘Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system! Should we create the America Party?’ Musk included another poll with his post. In the end, 65.4% of respondents voted ‘yes,’ while 34.6% voted ‘no,’ showing a drastic change from his June poll in which 80.4% voted ‘yes.’

Musk announced the next day that ‘the America Party is formed to give you back your freedom.’

‘I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,’ Trump wrote on Truth Social on July 6. ‘He even wants to start a third political party, despite the fact that they have never succeeded in the United States – The system seems not designed for them.’

However, the feud between the two appears to have cooled. The social media spats have stopped, and in late July Trump appeared to wish Musk well, writing on Truth Social that he wanted to see the tech billionaire’s businesses ‘thrive like never before.’

‘Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large-scale subsidies he receives from the U.S. government. This is not so! I want Elon, and all businesses within our country, to THRIVE, in fact, THRIVE like never before! The better they do, the better the USA does, and that’s good for all of us,’ Trump wrote.

A spokesperson for Musk did not respond to a request for comment.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Apple just landed a key win for the global encryption fight
next post
Giving Putin the Donbas would hand Moscow powerful leverage over Kyiv’s financial survival

related articles

Pentagon taps Musk’s xAI to boost sensitive government...

December 23, 2025

DOJ appeals dismissal of James, Comey criminal cases...

December 23, 2025

China quietly loads 100+ ICBMs into new missile...

December 22, 2025

EXCLUSIVE: OIG report shows major turnaround in Social...

December 22, 2025

Anti-Trump ex-husband of president’s 2016 campaign manager launches...

December 22, 2025

Clinton camp demands DOJ drop remaining Epstein files,...

December 22, 2025

Turning Point poll reveals conservatives ‘all in’ for...

December 22, 2025

DAVID MARCUS: What JD Vance told me about...

December 22, 2025

‘No way’ Walz administration was unaware of Minnesota...

December 22, 2025

Trump admin recalling around 30 ambassadors as part...

December 22, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • DAVID MARCUS: If USAID is so vital, where is the global outrage?

    February 8, 2025
  • Dem support carries Trump’s pro-union labor pick past key vote

    February 27, 2025
  • Nikola stock price outlook: All eyes on August 9

    July 30, 2024
  • ASRA NOMANI: This is the woke army plotting to crash Trump’s inauguration

    January 16, 2025
  • John Ratcliffe confirmed as next CIA director, becomes second Trump nominee to gain congressional approval

    January 23, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,181)
  • Investing (715)
  • Stock (964)

Latest Posts

  • Top GOP lawmaker reveals most ‘significant challenge’ impacting Ukraine against Russia

    September 25, 2025
  • Since taking office, what are the legal challenges launched against the Trump admin?

    January 31, 2025
  • Top Senate Dems pour cold water on latest GOP spending bill plans: ‘Ready to stay’ through Christmas

    December 20, 2024

Recent Posts

  • Navy putting first shipborne hypersonic weapon on vessel once seen as ‘costly blunder’

    December 1, 2024
  • FBI investigating rise in swatting incidents after several conservatives targeted, Kash Patel says

    March 15, 2025
  • Biden ripped for ‘slap in the face’ to crime victims after awarding Soros Medal of Freedom: ‘Disgusting’

    January 7, 2025

Editor’s Pick

  • Fox One streaming service to launch ahead of NFL season on Aug. 21, at $19.99 per month

    August 6, 2025
  • KLIP Stock Spotlight: KraneShares’ China Internet ETF

    August 26, 2024
  • Will your job survive Trump’s Gen AI revolution?

    January 3, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock