Core Viewpoint - Elon Musk is reportedly slowing down the plan to establish a "third party" in the U.S., focusing instead on his companies [2][4]. Group 1: Political Aspirations - Musk has expressed interest in supporting Vice President Vance if he decides to run for president in 2028 [3]. - Musk announced the formation of the "American Party" on July 5, aiming to gain seats in Congress for the upcoming midterm elections [6]. - As of now, Musk has not registered the "American Party," which contrasts with his typically decisive approach [7]. Group 2: Business Context - Tesla's second-quarter performance was disappointing, with both revenue and net profit declining year-over-year [7]. - Following the signing of the "Big and Beautiful" tax and spending bill by Trump on July 4, Musk distanced himself from the administration, resigning from his role in the "Government Efficiency Department" [5][6]. - The only formal political entity led by Musk is the "American Political Action Committee," which he funded to support Trump's campaign [7].
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