The Wall Street Journal reported Tuesday that Elon Musk is quietly backing away from his “America Party” effort — the political project he unveiled in July after souring on the Trump administration over its “One Big Beautiful Bill” legislation.
But Musk isn’t having it.
“Nothing @WSJ says should ever be thought of as true,” he posted bluntly on X, slamming the Journal’s reporting and casting doubt on their unnamed sources.
Crypto outlet Binance Square has more on Musk’s candid remarks:
This is the clearest confirmation yet that Musk remains committed to his political initiative and is actively pushing for the formation of the America Party—despite growing media speculation and political opposition.
The original WSJ story, which claimed Musk was “quietly stepping down” from the Republican project, was widely circulated in financial and political circles. The story, citing unnamed sources, alleged internal concerns and strategic recalculations at Tesla, SpaceX, and Musk’s advisory group.
But Musk quickly denied the X report, accusing the Wall Street Journal of fabricating the story. His response sparked a strong reaction online, particularly from America Party supporters and holders of the community-run America Party Token (AP).
Musk’s public denial of the WSJ report suggests that the America Party launch is not only still on track, but imminent.
The Journal claims Musk is cooling on the America Party idea, refocusing on his businesses, and wary of upsetting top Republicans — including Vice President JD Vance. One source said Musk might even support Vance in a 2028 presidential run.
To back that up, it points to Musk canceling strategy sessions with third-party political consultants, ghosting political figures like Andrew Yang and Mark Cuban, and not engaging with groups such as the Libertarian Party, which had shown interest in joining forces.
On paper, it does look like a pause — or at least a pivot. But Musk’s direct denial raises the question: Is he regrouping, or just playing his cards closer to the chest?
Either way, if he is rethinking the America Party, it’s not something he’s ready to admit.
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