Elon Musk Denies Reports of $45M Monthly Donations to Pro-Trump Super PAC

Tesla CEO Elon Musk has publicly denied reports claiming he planned to donate $45 million a month to a Super PAC supporting Donald Trump’s re-election. Appearing on Jordan Peterson’s show, Musk stated, “I am not donating $45 million a month to Trump.”

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Elon Musk’s Clarification on America PAC

Musk explained, “What I have done is created a PAC or Super PAC, called America PAC.” Super PACs, or Political Action Committees, allow donors to contribute unlimited amounts, unlike traditional PACs with capped donations.

Following the Peterson interview, Musk took to X to respond to clips from the discussion. He dismissed the $45 million monthly donation claims as “ridiculous,” noting, “I am making some donations to America PAC, but at a much lower level. The key values of the PAC are supporting a meritocracy and individual freedom. Republicans are mostly, but not entirely, on the side of merit and freedom.”

Joe Biden’s Withdrawal and Kamala Harris’s Endorsement

This clarification comes shortly after President Joe Biden announced his withdrawal from the presidential race, endorsing Vice President Kamala Harris. Harris now has enough delegates to secure the Democratic nomination in August.

Staffing and Strategic Positioning of America PAC

The New York Times reported that former aides to Florida Governor Ron DeSantis’s presidential campaign are staffing America PAC. Generra Peck, who initially managed the DeSantis campaign, and Phil Cox, former head of the Republican Governors Association, are involved. Their participation might help legitimize the PAC within the Republican establishment.

“The intent is to promote the principles that made America great in the first place,” Musk told Peterson. “I wouldn’t say that I’m, for example, MAGA. I think America is great. I’m more M-A-G, make America greater.”

Musk’s Contributions and Support from Tech Allies

While Musk did not disclose the exact amount he plans to donate to America PAC, it has already garnered support from his friends and allies in the tech industry. Joe Lonsdale, co-founder of Palantir, and the Winklevoss twins, prominent cryptocurrency entrepreneurs, have contributed. The twins, who have criticized Joe Biden’s regulatory stance on cryptocurrency, praised Trump as “pro-Bitcoin, pro-crypto, pro-business.”

Key Takeaways

Elon Musk’s recent statements clarify his involvement with America PAC, debunking rumors of massive monthly donations to Trump. The PAC focuses on meritocracy and individual freedom, with support from notable figures in the tech industry. As the political landscape evolves, America PAC’s influence and strategy will be closely watched.

FAQs

What did Elon Musk deny in his recent interview?

Elon Musk denied reports that he was planning to donate $45 million a month to a Super PAC focused on supporting Donald Trump.

What is the name of the PAC Elon Musk has created?

Elon Musk has created a PAC called America PAC.

What are the key values of America PAC?

The key values of America PAC are supporting a meritocracy and individual freedom.

Who are some of the notable supporters of America PAC?

Notable supporters of America PAC include Joe Lonsdale, co-founder of Palantir, and the Winklevoss twins, cryptocurrency entrepreneurs.

Who is staffing America PAC?

America PAC is being staffed by former aides to Florida Governor Ron DeSantis’s presidential campaign, including Generra Peck and Phil Cox.

What did Elon Musk say about his stance on MAGA?

Elon Musk stated that while he supports the principles that made America great, he does not identify with the MAGA (Make America Great Again) slogan. Instead, he prefers “M-A-G, make America greater.”