Elon Musk Denies Reports of $45 Million Monthly Donation to Donald Trump
Clarification from Elon Musk
Elon Musk has dismissed reports claiming he would donate $45 million per month to a super political action committee (PAC) supporting Donald Trump’s presidential campaign. In an interview with conservative commentator Jordan Peterson, Musk clarified that the media reports are inaccurate and that he is not making such substantial monthly contributions to Trump.
Actual Donations to America PAC
Musk did confirm making donations to America PAC, a super PAC backing Trump’s campaign, but emphasized that the contributions are much lower than reported. The exact donation amount remains undisclosed.
Response to Media Reports
Musk responded to an article in The Wall Street Journal, which first reported the alleged donation amount, using a meme labeled “FAKE GNUS.” He has consistently denied the reports in his subsequent tweets and statements, stating he never pledged $45 million monthly to Trump.
Financial Status of America PAC
According to its most recent filing with the Federal Election Commission, America PAC raised $8.8 million in the second quarter, spent $7.8 million, and began July with just under $1 million in cash on hand.
Other Donors to America PAC
Other notable donors to America PAC include Palantir’s Joe Lonsdale and crypto billionaires Cameron Winklevoss and Tyler Winklevoss. Musk did not start contributing until this month, according to a source familiar with the matter, and therefore wasn’t listed in the latest FEC filing. The group’s next donor report is due in October.
Conclusion
Elon Musk has categorically denied reports of a $45 million monthly donation to Donald Trump’s campaign, instead confirming lower-level donations to America PAC.