Elon Musk Dumps Cold Water On Massive Trump Donations
Tesla CEO Elon Musk is clarifying recent reports he is donating $45 million monthly to a PAC supporting Donald Trump.
In a Tuesday interview with conservative commentator Jordan Peterson, the tech billionaire pumped the brakes on reports of the $45 million figure for Trump.
“What’s been reported in the media is simply not true,” he said.
The same day Trump announced JD Vance as his running mate The Wall Street Journal reported Musk’s massive contributions to America PAC.
Formed in June, America PAC is focused on registering voters and persuading constituents to vote early and request mail-in ballots in swing states, according to one of the people. The coalition assessed that the Democrats have historically had very robust “get out the vote” campaigns and took note of the amounts of money that the Biden camp has dedicated to what are called on-the-ground efforts in swing states. America PAC will try to counter that.
Musk later explained on the social media platform X, which he owns, that he will still back America PAC. He did not confirm nor deny the $45 million figure, or what proportion of those funds would go to backing Trump.
“I am making some donations to America PAC, but at a much lower level and the key values of the PAC are supporting a meritocracy & individual freedom,” he wrote. “Republicans are mostly, but not entirely, on the side of merit & freedom.”
He endorsed Trump last week, shortly after the former president survived an assassination attempt.
“I fully endorse President Trump and hope for his rapid recovery,” Musk wrote in a post on his social platform X, alongside a video of the former president standing and raising his fist after being shot in the ear.
Musk is currently the world’s richest person, with an estimated fortune exceeding $250 billion.