US Election 2024: Elon Musk Makes SHOCKING $15.8M Donation to Trump’s PAC

The post US Election 2024: Elon Musk Makes SHOCKING $15.8M Donation to Trump’s PAC appeared first on Coinpedia Fintech News

Elon Musk, a figure known for his previously apolitical stance, has recently made headlines with a notable financial contribution to America PAC, a group dedicated to re-electing former President Donald Trump. This sizeable donation marks a significant departure from Musk’s earlier position of political independence and reluctance to engage in partisan politics.

Here’s more about this below.

Musk’s backing of Trump is critical. Trump has surpassed President Joe Biden in fundraising, benefiting from wealthy Wall Street and corporate donors. Musk’s involvement could further bolster Trump’s campaign, offering a significant financial advantage. In his earlier statements, Musk explicitly denied donating to any Presidential candidates in March. Therefore, this has sparked debates over his true political intentions. 

In May, Musk had also refuted any discussions about a potential advisory role in the Trump administration. Despite this, America PAC, which has already invested $15.8 million in field operations, digital media, and voter outreach in crucial battleground states, is set to release its list of donors on July 15. The timing and amount of Musk’s contribution are likely to raise questions and stir debates about his political leanings.

Notably, the former US President and Musk have clashed in the past but Musk has also advised Donald Trump on electric vehicle policies. Musk has mentioned that Trump occasionally calls him ‘out of the blue’. The connection along with Musk’s recent financial support indicates a growing alliance between the two. Musk’s alliance could significantly impact the US 2024 Elections.

Trump last month restated his pledge to immediately abandon the Biden administration’s mandate to support the electric vehicle industry. But he had claimed to be a big fan of electric cars and a fan of Musk. 

Musk also stated that while they had some conversations and Trump is a huge fan of the Cybertrucks referring to Tesla’s electric pickup trucks, he has not made any formal endorsement in November’s contest and Trump has said he did not know if he has Musk’s support.

In a separate development, Musk has taken to X to downplay concerns about artificial intelligence, referring to it as “strawberry fields forever.” His statement, made in light of OpenAI’s new reasoning technology, Strawberry, reflects his optimism about AI’s future potential.

Read Also: Top 3 PolitiFi Altcoins For 10X Profits In Q3 2024

What are your thoughts on Musk’s surprising political move? Will his donation sway the 2024 election?