Elon Musk, Tesla CEO and former DOGE chief, is reportedly reconsidering his plans to establish a third political party.
Instead, he is said to be contemplating the use of his considerable wealth to back the leading presidential candidate for the 2028 elections.
This strategic shift is seen as a more efficient use of his resources in the upcoming political battles, including the midterms and the next presidential race.
According to RedState, insiders close to Musk have suggested that the billionaire entrepreneur would rather concentrate on his thriving businesses than risk alienating consumers through political advocacy.
This sentiment has been echoed by Musk himself since his departure from DOGE. However, it seems that Musk's political interests have not entirely waned. As reported by the Wall Street Journal, Musk appears to be aligning himself with Vice President J.D. Vance, a prominent figure in the MAGA movement.
"Musk and his associates have told people close to him that he is considering using some of his vast financial resources to back Vance if he decides to run for President in 2028, some of the people said," the Wall Street Journal reported. This revelation comes as Musk is said to be quietly retreating from his initial plans to form a new political party.
Musk's decision to abandon the idea of a third-party is seen as a return to political pragmatism. Despite the flaws of the current two-party system and the occasional ideological overlap, the Republican Party remains the only right-leaning party capable of fielding viable political candidates.
The potential waste of Musk's resources on a third-party venture, which could at best secure a few primary victories, would likely only serve to divert votes away from the Republicans, thereby benefiting the Democrats.
The disagreement between Musk and President Trump over the "One Big Beautiful Bill" should have been resolved privately. Instead, it escalated into a public spat, with Musk launching a series of criticisms against Trump. However, both parties have since allowed tensions to ease.
"I think he's a good person," Trump recently commented on Musk. "I think he had a bad moment, really bad moment. But he's a good person. I believe that."
The fact that Trump did not immediately sever ties with Musk underscores the latter's value. Trump has been known to ostracize individuals for far less than what Musk has said.
This news follows a report by RedState's Bob Hoge that Vance has been encouraging Musk to rejoin the MAGA team. "My argument to Elon is ... like ... you're not going to be on the left, right? Even if you wanted to be, and he doesn't," Vance told The Gateway Pundit. "They're not going to have you back. That ship has sailed. And so, I really think it's a mistake for him to break from the president."
Vance expressed hope that Musk would "come back into the fold" by the time of the midterms. The latest reports suggest that Musk may indeed be heading in that direction, signaling a potential return to the MAGA fold.
Login