[Musk May Represent the Republican Party in the 2026 Midterm Elections] Musk may represent the Republican Party in the 2026 midterm elections, as he has already begun funding Republican campaigns for the House and Senate in the 2026 midterms. This indicates that Musk's relationship with President Trump, which had fractured earlier this year, has thawed. During a dispute with Trump this summer, Musk had threatened to form a third party called the 'American Party,' but he has now firmly returned to the Republican camp.