Core Viewpoint - Elon Musk is reportedly slowing down the establishment of the "American Party" to focus on his companies, with potential financial support for Vice President Vance if he runs for president in 2028 [1][2]. Group 1 - Musk stepped down as head of the "Government Efficiency Department" in late May due to a public split with Trump over the "Big and Beautiful" tax and spending bill [2]. - Following Trump's signing of the "Big and Beautiful" bill on July 4, Musk announced the formation of the "American Party" aimed at gaining seats in the upcoming midterm elections [2]. - As of now, Musk has not registered the "American Party," which contrasts with his typically decisive approach [2]. Group 2 - The only formal political entity led by Musk is the "American Political Action Committee," funded by him to support Trump's campaign [2]. - Tesla's Q2 earnings report on July 23 indicated a decline in both revenue and net profit year-over-year [2]. - Trump publicly denied rumors of attempting to undermine Musk's businesses, expressing a desire for Tesla to thrive [2].

Core Viewpoint - Elon Musk announced the formation of a new political party called "American Party" on July 5, but nearly a month later, there has been no registration or substantial progress in this initiative [1][3]. Group 1: Registration and Progress - Musk has not submitted any formal registration documents for the "American Party" since its announcement, raising doubts about the seriousness of the initiative [3]. - The lack of candidates or any formal steps taken indicates that the process is superficial and lacks real progress [3]. - This delay contrasts sharply with Musk's usual decisive and rapid decision-making style, as seen during his tenure in government [3]. Group 2: Political Donations and Support - The only formal political organization Musk has established is the "American Political Action Committee," which he funded to support Trump's campaign [5]. - Despite publicly distancing himself from Trump, Musk donated $10 million to the Republican camp, becoming a major individual donor ahead of the midterm elections [7]. - Musk's financial contributions include over $45 million to his own "American Political Action Committee," indicating continued support for Republican candidates [7]. Group 3: Political Context - The announcement of the "American Party" came shortly after Trump signed the controversial "Big and Beautiful" tax and spending bill, suggesting a strategic move to gain political ground in the upcoming elections [5]. - Establishing a new political party in the U.S. involves a complex certification process, which includes holding party meetings and electing temporary officials, making it a time-consuming endeavor [5].