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.