Billionaire Elon Musk Backs Donald Trump’s Presidential Bid
Elon Musk, the world’s richest person, has made a significant move in the 2024 US presidential election by donating to a super political action committee (PAC) working to elect Donald Trump to the White House. This move highlights Musk’s growing influence in US politics and his shift from a self-described political independent to a figure who regularly uses his social media platform to express right-leaning views and criticize Democrats.
The Donation
According to sources familiar with the matter, Musk has contributed to a low-profile group called America PAC. The exact amount of the donation is unknown, but it is characterized as a sizable amount. The PAC is required to disclose its list of donors on July 15.
The Impact
Musk’s decision to donate to America PAC comes at a time when Trump has overtaken his rival, President Joe Biden, in fundraising. The move presents an opportunity for Musk to become a financial juggernaut for Republicans and threatens to deal a devastating blow to Biden and Democrats. The Trump campaign has declined to comment on the matter.
Ground-Game Boost
America PAC is working behind the scenes to bolster the Trump campaign’s ground game, focusing on door-to-door persuasion and get-out-the-vote efforts in key battleground states. The group has spent $15.8 million so far, with $13.1 million going towards field operations.
Corporate Impact
Musk’s political donation makes him an even more formidable Washington player. As the CEO of Tesla, SpaceX, and X, he derives his wealth primarily from these companies. His companies already have sizable government contracts and regularly clash with federal agencies over regulations. Some of Trump’s proposed policies, such as dismantling Biden’s measures to transition the US to electric vehicles and imposing tariffs on Chinese EV makers, would have a direct impact on Tesla.
The Relationship Between Musk and Trump
Musk and Trump have a complex relationship. While they have clashed in the past, they have grown closer in recent times. Musk has advised Trump on electric vehicles and crypto policy, and Trump has called him out of the blue for no reason, according to Musk.
Conclusion
Elon Musk’s decision to donate to America PAC has significant implications for the 2024 US presidential election. As the world’s richest person, his influence in US politics is growing, and his shift from a self-described political independent to a figure who regularly expresses right-leaning views and criticizes Democrats is notable. The move presents an opportunity for Musk to become a financial juggernaut for Republicans and threatens to deal a devastating blow to Biden and Democrats.
FAQs
Q: How much did Elon Musk donate to America PAC?
A: The exact amount of the donation is unknown, but it is characterized as a sizable amount.
Q: What is America PAC’s focus?
A: America PAC is working behind the scenes to bolster the Trump campaign’s ground game, focusing on door-to-door persuasion and get-out-the-vote efforts in key battleground states.
Q: What is the impact of Elon Musk’s donation on the election?
A: Musk’s donation presents an opportunity for him to become a financial juggernaut for Republicans and threatens to deal a devastating blow to Biden and Democrats.
Q: How does Elon Musk’s donation affect his relationship with Trump?
A: Musk’s donation does not seem to have affected his relationship with Trump, who has praised him in the past and called him out of the blue for no reason.
Q: What is the significance of Elon Musk’s involvement in US politics?
A: Musk’s involvement in US politics highlights his growing influence in the country and his shift from a self-described political independent to a figure who regularly expresses right-leaning views and criticizes Democrats.
Author: fortune.com
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