Musk Plans to Fund U.S. Vice President's Presidential Campaign

The Wall Street Journal reports that billionaire Elon Musk has postponed his plans for creating a third political party in the U.S. in order to avoid damaging his relationships with influential Republicans.

Instead, it is noted that Musk may direct part of his enormous financial resources to support J.D. Vance if he decides to run for president in 2028. Moreover, the businessman has not officially abandoned the idea of forming a new party and may revisit it as the midterm elections approach, the source added.