Elon Musk has dismissed a Wall Street Journal report claiming that he is quietly backing away from plans to launch his America Party. The newspaper said Musk had told allies he will focus on his businesses and not risk splitting Republican voters with a third-party bid.

Musk supported US President Donald Trump in the 2024 election and temporarily served as head of the Department of Government Efficiency (DOGE) before a public falling-out over the president’s “Big Beautiful Bill” spending package.

After resigning, he announced he would start his own political faction to challenge the two-party system and field candidates in the 2026 midterms.

On…

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