Elon Musk, the renowned entrepreneur and financial magnate, and one of the richest men on the planet, is set to bolster Donald Trump's presidential campaign with a substantial monthly contribution of $45 million.
According to the Wall Street Journal, citing sources familiar with the matter, this commitment will be funneled through a new super PAC named "America PAC." The PAC aims to register voters, promote early voting, and request mail-in ballots in key states.
Undoubtedly, Musk's support, given his immense influence and 190 million followers on his platform X, represents a significant boost not only for Trump's campaign but also for the relationship between the two.
Musk and Trump: A Complex Relationship
As CNN recalls, Musk is an advocate for abandoning fossil fuels and transitioning all car sales worldwide to electric vehicles. On the other hand, Trump believes electric vehicles would be an economic disaster for the United States and advocates for increased oil production and consumption.
Since the attack on Trump last Saturday, Musk, who also owns Tesla, has been closely monitoring the events and has criticized the Secret Service for security lapses.
Over the years, Musk, with a net worth of $264 billion, has contributed to candidates from both parties, including a $5,000 donation to Barack Obama in April 2011. Although historically a Democratic donor, he has recently criticized the party for moving too far to the left.
However, these relatively insignificant sums pale in comparison to the amount he is reportedly donating to the Republican candidate now, as noted by El País.
With enough delegate votes at the Republican National Convention, Trump is officially his party's candidate for the upcoming presidential election in the United States, set for November 5th.
Though Trump had been the presumptive nominee for months, his candidacy was officially confirmed on Monday in Milwaukee, where the Republican event is taking place. This marks Trump's third consecutive election run, having won in 2016 and lost in 2020.
"America PAC" currently stands as the largest outside spender in support of Trump, having allocated $15.8 million so far, with $13.1 million used for field operations, according to El País.
Elon Musk's Financial Backing of Trump's Campaign
Here are some commonly asked questions regarding Elon Musk's significant financial support for Donald Trump's campaign:
Why is Elon Musk supporting Donald Trump's campaign?
Elon Musk's support for Trump's campaign is part of a broader strategy through "America PAC" to influence voter registration, early voting, and mail-in ballot requests in key states.
How much is Elon Musk contributing monthly to Trump's campaign?
Elon Musk is contributing $45 million monthly to Donald Trump's campaign.
What is America PAC?
America PAC is a new super PAC aimed at registering voters, promoting early voting, and requesting mail-in ballots in key states to support Donald Trump's presidential campaign.