Elon Musk Shifts Gears: From Politics to Enterprise

Tesla CEO Elon Musk is stepping back from starting a third political party to prioritize his business ventures. He aims to avoid alienating influential Republicans. Musk may also support U.S. Vice President JD Vance's potential presidential bid in 2028, utilizing his substantial financial resources.

Elon Musk, the CEO of Tesla, is reportedly pulling back from plans to establish a third political party, opting instead to concentrate on his business interests and maintain good relations with powerful Republicans, according to a report by The Wall Street Journal.

The billionaire entrepreneur may consider investing in the potential presidential campaign of U.S. Vice President JD Vance in 2028, leveraging his extensive financial capability, as per sources familiar with the situation.

While The Wall Street Journal's report highlights these potential strategic moves by Musk, Reuters has yet to verify the information independently.

(With inputs from agencies.)