AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
(Bloomberg) -- Elon Musk confirmed Tuesday that he was “making some donations” to a super political action committee supporting Donald Trump’s presidential campaign, though at a “much lower level” than has been reported. Most Read from Bloomberg What Initial Polling Data Show About the Trump-Harris Matchup A Six-Second Decision Shows How Harris Snapped Up Delegates Trump Floated Jamie Dimon for Treasury Secretary, Then Denies It Harris Has Enough Delegates to Clinch Nomination for President Wiz Rejects Google’s $23 Billion Offer, Seeks IPO Instead In tweets on his X social media platform, Musk acknowledged that he had donated to America PAC, which focuses on get-out-the-vote efforts. “Republicans are mostly, but not entirely, on the side of merit & freedom,” he added. It was reported earlier this month that Musk, the chief executive officer of Tesla Inc., had pledged to give $45 million a month to the super PAC. He used a meme — “FAKE GNUS” — to respond to an article in the Wall Street Journal, which first reported on the amount of his donations to America PAC.
His tweets on Tuesday night were in reply to someone who asked about political donations. “I never said was donating $45M/month to Trump,” he said. He didn’t say how much he had contributed. Earlier: Elon Musk to Give $45 Million a Month to Pro-Trump Super PAC Musk endorsed Trump in a post on X shortly after an assassin tried to kill the former president at a campaign rally in Butler, Pennsylvania, on July 13. America PAC raised $8.8 million in the second quarter, spent $7.8 million and started July with a little less than $1 million cash on hand, according to its most recent filing with the Federal Election Commission.
Palantir’s Joe Lonsdale and crypto billionaires Cameron Winklevoss and Tyler Winklevoss are among other donors to the organization. Musk did not start contributing until this month, according to a person familiar with the matter, and so wasn’t listed in the latest filing with the FEC. The group does not have to report its donors until its next filing in October. Earlier: Tesla Profit Falls Short Again as Musk Demands Investor Patience On Tesla’s earnings call earlier Tuesday, Musk downplayed the risk to the car manufacturer’s business if Trump wins, even though the former president has assailed the rise of electric vehicles. He said if Trump revoked the Inflation Reduction Act, which gives EV makers up to $7,500 in tax credits per vehicle, it wouldn’t especially harm Tesla.
“There would be some impact but I think it would be devastating for our competitors and would hurt Tesla slightly but long term probably actually helps Tesla,” Musk said. Story continues Most Read from Bloomberg Businessweek The $12,000 Harvard Class Celebrities Are Fighting to Get Into Airbnb Hosts Want Guests to Come to Them Directly The Real Reason Erewhon Is a Cult Brand Elon Musk Goes All In for Trump Why Is the US Deficit So Big? Depends on Who You Ask ©2024 Bloomberg L.P. View comments()
Musk Confirms ‘Lower Level’ Donations to Pro-Trump Super PAC
July 23, 2024 10:48 PM EDT | By EODHD
