Elon Musk Donates 'Sizable Amount' to Super PAC Supporting Trump's Campaign

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ICARO Media Group
Politics
13/07/2024 21h12

In a surprising turn of events, billionaire CEO of Tesla Inc., Elon Musk, has reportedly made a substantial donation to a super political action committee (PAC) supporting former President Donald Trump's campaign. The exact amount of the contribution remains undisclosed, but it is being described as a "sizable amount," according to Bloomberg.

This move marks a significant shift for Musk, who previously identified as a political independent and expressed a preference for staying out of politics. His support for Trump's campaign could potentially impact the upcoming 2024 presidential election.

The low-profile America PAC is set to disclose its list of donors on July 15, shedding light on Musk's significance as a contributor. The donation comes at a critical time for Trump's campaign, which has recently surpassed President Joe Biden's in fundraising, thanks to the backing of wealthy Wall Street and corporate donors.

It is worth noting that other Republican billionaires, Ken Griffin and Paul Singer, who had previously expressed criticism of Trump, are also currently discussing potential donations to his campaign. However, no commitments or decisions have been confirmed as of yet.

Tim Higgins, author of the book "Power Play: Tesla, Elon Musk, and the Bet of the Century," emphasized the importance of Musk's donation, suggesting that it indicates Musk's lack of support for Biden. In an interview with CNBC, Higgins stated, "It would be a big evolution for their relationship. Maybe he's supporting Trump, but he really doesn't support Biden."

While Musk has not yet commented on the matter, his interactions with Trump have become more apparent. During a June shareholder meeting, Musk revealed that Trump frequently reaches out to him "out of the blue." Additionally, Musk has been critical of the Biden administration, responding cryptically to a question about who runs the country with, "maybe nobody."

Furthermore, Musk disclosed that Trump is a "huge fan" of Tesla's Cybertruck, suggesting a shared interest in electric vehicles. This revelation adds complexity to the evolving relationship between Musk and the former president.

Musk's donation to the America PAC, a group mainly operating behind the scenes to strengthen Trump's campaign, could potentially provide a significant boost to the Republicans, granting them a substantial financial advantage in what is shaping up to be the most expensive presidential election in U.S. history.

As the race between Trump and Biden remains close, a recent poll has given an edge to the former president, with Trump leading Biden 44% to 42%. Musk's contribution to Trump's campaign adds another element of intrigue to the ever-unfolding political landscape, leaving room for speculation about the possible implications his support may have on the future of American politics.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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