Elon Musk has slowed work on the “America Party,” the third-party vehicle he announced in July, according to people familiar with the matter cited by the Wall Street Journal. The report says the billionaire is telling allies he wants to keep his attention on Tesla, SpaceX and his other companies rather than undertake a costly national political effort. Advisers say Musk worries a third-party bid would alienate Republican leaders and voters, particularly Vice President JD Vance, widely viewed as the heir apparent to Donald Trump’s MAGA movement. No filings have been made with the Federal Election Commission and meetings with outside organizers, including Andrew Yang and Mark Cuban, have been cancelled, the Journal added, quoting Libertarian National Committee chair Steven Nekhaila as seeing “eerie silence” around the project. Instead, Musk is weighing whether to channel some of his wealth into a possible Vance presidential campaign in 2028. He spent an estimated $300 million supporting Trump and other Republican candidates during the 2024 cycle and remains an influential donor within the party. Musk did not comment to the Journal, but later wrote on his social-media platform X that “nothing the WSJ says should be thought of as true.” The newspaper stands by its reporting, and neither Musk nor his representatives have provided evidence that the party infrastructure is moving forward.