The WSJ is reporting that Elon Musk is having serious misgivings on his plan to start a new political party, because he doesn’t want to alienate JD Vance, who is considering backing if he runs for president in 2028.

Here’s the news:

The billionaire Elon Musk is quietly pumping the brakes on his plans to start a political party, according to people with knowledge of his plans.

Musk has told allies that he wants to focus his attention on his companies and is reluctant to alienate powerful Republicans by starting a third party that could siphon off GOP voters.

Musk’s posture marks a shift from early last month, when he said he would form what he called the America Party to represent U.S. voters who are unhappy with the two major political parties.

As he has considered launching a party, the Tesla chief executive officer has been focused in part on maintaining ties with Vice President JD Vance, who is widely seen as a potential heir to the MAGA political movement. Musk has stayed in touch with Vance in recent weeks, and he has acknowledged to associates that if he goes ahead with forming a political party, he would damage his relationship with the vice president, the people said.

Musk and his associates have told people close to him that he is considering using some of his vast financial resources to back Vance if he decides to run for president in 2028, some of the people said. Musk spent close to $300 million to support Trump and other Republicans in the 2024 election.

Starting a new political party was a terrible idea to begin with and I think Elon Musk is on the right track again if he chooses to go down this road. JD Vance is a rock star in Republican circles now and he’d be a great candidate to back because he will be the MAGA candidate if he runs.