Afghanistan, Aug. 20 -- Elon Musk has abandoned plans to form a new political party, telling allies he will focus on his companies and avoid antagonizing powerful Republicans.
Elon Musk, the billionaire CEO of Tesla, has stepped back from his previously floated idea of forming a new political party in the United States.
The Wall Street Journal reported on August 19 that Musk informed his allies he now intends to concentrate on his companies rather than pursue political ambitions.
According to the report, Musk was wary of antagonizing powerful Republican figures by launching a third party that could splinter conservative voters and damage Republican prospects.
The development comes just weeks after U.S. President Donald Trump mocked Musk...