Elon Musk Backs Off Plan to Launch New Political Party

Kokcha News Agency: Elon Musk has reportedly dropped his ambitious plan to launch a new political party, according to a report by *The Wall Street Journal* on Tuesday, August 19. Sources close to Musk revealed that he will now concentrate on his companies and business activities.

The decision comes after Musk faced criticism from former U.S. President Donald Trump, who mocked Musk’s proposed party in July. At the time, Musk defended the idea, claiming it would restore voter freedom. However, sources now indicate that Musk does not want to provoke powerful Republicans who might feel threatened by the creation of a third party.

Musk’s initial proposal for a new political party was seen as a potential game-changer in U.S. politics, but the billionaire has seemingly decided to avoid the political arena for now.