Did Elon Musk Just Refute $45M Donation Claims to Trump Super PAC?

Wednesday, July 24, 2024  Read time2 min

SAEDNEWS: Musk said it was ‘not true’ that he was planning large monthly donations but said he had created ‘America Pac’ and is making ‘lower level’ donations.

Did Elon Musk Just Refute $45M Donation Claims to Trump Super PAC?

SAEDNEWS: Elon Musk, CEO of Tesla, has refuted recent claims suggesting he intends to contribute $45 million per month to a Super PAC aimed at supporting Donald Trump's election campaign.

During an appearance on Jordan Peterson’s show on Tuesday, Musk stated categorically that these reports are “simply not true,” asserting, “I am not donating $45 million a month to Trump.”

He clarified that while he has established a political action committee known as the America PAC, it is important to note that this does not equate to the aforementioned financial commitment.

Super PACs—formally recognized as Political Action Committees—function as independent political entities where contributors can donate unlimited amounts of funds. In contrast, contributions made directly to individual candidates or non-Super PACs are subject to donor limits.

Following his interview with Peterson, Musk responded via X (formerly Twitter) regarding excerpts from their discussion. He remarked, “Yes” when asked about the validity of the previous reports and described them as “ridiculous.” He elaborated further in another tweet: "I am making some donations to America PAC but at a much lower level. The core values of this PAC include support for meritocracy and individual freedom; Republicans predominantly—but not exclusively—align with these principles."

This denial comes shortly after President Joe Biden announced his withdrawal from the presidential race and endorsed Vice President Kamala Harris, who now possesses sufficient delegates needed for her nomination within the Democratic Party ahead of August's convention.

On Tuesday, The New York Times reported that a Super PAC supporting former President Donald Trump is being staffed by former aides of Florida Governor Ron DeSantis's presidential campaign. According to the Times, "The Super PAC has acquired an air of mystery within Trump's sphere, with many external groups unaware of its strategic plans."

Notably, Generra Peck—who initially managed the DeSantis campaign—and Phil Cox, a former head of the Republican Governors Association, are involved in this initiative. Their participation may help enhance the group's credibility within the Republican establishment as it seeks to position itself as one of the foremost advocates for Mr. Trump.

Elon Musk articulated his vision on Jordan Peterson’s show: “The intent is to promote the principles that made America great in the first place.” Musk clarified his stance by stating he does not align himself strictly with MAGA sentiments but rather embraces a broader outlook: “I think America is great. I’m more M-A-G—make America greater.”

Musk did not specify how much he plans to contribute to the Super PAC.

According to The New York Times, America's PAC has already garnered support from several individuals in Musk’s network within the tech industry. Among them is Joe Lonsdale, co-founder of Palantir Technologies and a significant political donor associated with Trump's recently announced vice-presidential pick, Ohio Senator JD Vance.

Furthermore, The Wall Street Journal noted that cryptocurrency entrepreneurs Cameron and Tyler Winklevoss have also contributed to this initiative; they have been vocal critics of President Biden's regulatory approach towards cryptocurrency.


Latest news  
A Stunning Tour of the Ameri House, a Zandieh-Era Treasure in Kashan / From the Royal Chambers with Unique Interiors to the Magnificent Plasterwork + Video How to Make Carrot Tahchin, the Traditional Iranian Dish You Forgot About—Its Aroma Travels Seven Streets! Try It Once and You’ll Fall in Love + Video Quick & Easy Tabrizi Meatballs: How to Make This Delicious Azerbaijani Favorite Without Falling Apart + Video (Video) A Glimpse at the Stunning Architecture and Masterpiece of Cologne Cathedral, Germany: 632 Years to Build a Gothic Legend / From Sky-High Towers to Magical Stained Glass! A Real Look at the Iran-Iraq War Frontlines in 1986 Through the Eyes of a Soldier! The Martyrs of That Time Truly Suffered—Heaven Is Rightfully Theirs! Incredible Facts About the Human Ear and the Surprising Effect of Words on the Brain — Train Your Ears and Watch Your Reality Change!” A Stunning Look at the Palace of Versailles: Where Luxury and Elegance Define the Heart of France 😍 Truly the World’s Most Luxurious Landmark! Full Reveal of the 2026 BMW X3 Smart Features: A Cabin That Even Pilots Would Envy! 😳 This Isn’t Just a Car—It’s a Spaceship on Four Wheels! 🚀 (Video) Iran’s Muqarnas Ceilings Turn Math into Art! / Majestic Works Showcasing Geometry and Color in Centuries-Old Iranian Design Archaeological Wonder: 1,700-Year-Old Egg Found with Intact Liquid Inside—A Miracle from the Heart of History! Shoes That Let You Walk on Water! / Do you think people have really achieved the dream of walking on water, or is it just an illusion? Video: Discovering Iran’s Rarest and Most Stunning Jewelry from the Achaemenid Era! / Even with today’s technology, I couldn’t recreate such a unique earring! U.S. Secretary of State: Accelerating the Disarmament of Iran-Backed Armed Groups Is Essential / Weapons of Resistance Groups “Weaken” Iraq Pezeshkian Announces Iran’s Ratification of the CFT Law. Why Achieving a ‘Major Trump-Iran Deal’ Is Difficult: Two Likely Scenarios for Tehran-Washington Relations