Insiders: Musk suspends formation of new political party, hopes to continue focusing on business According to The Wall Street Journal, Elon Musk has slowed down his plans to establish a third political party called the "America Party". According to insiders, Musk currently tends to focus on the operation of his subsidiary companies and is cautious about forming a party due to his unwillingness to divert Republican votes. Sources say Musk has been trying to stay in touch with Vice President Vance of the United States. Previously, Musk had stated that the New Party aimed to restore voters' "freedom," but has recently revealed to allies that it will not proceed with related actions at this time.