Elon Musk denies backing Trump campaign with $60 million a month donations
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Tesla founder Elon Musk admitted he was making donations to Trump's campaign, "but at a much lower level".
PHOTO: REUTERS
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WASHINGTON – Elon Musk has denied reports that he was donating US$45 million (S$60 million) a month to a fund backing former US president Donald Trump’s latest White House bid.
In a post on X on July 23, Mr Musk called the report he was funding a so-called political Super-PAC “ridiculous”. Super PACs are specially designed groups that can spend unlimited amounts on political candidates and causes.
“I am making some donations to America PAC, but at a much lower level and the key values of the PAC are supporting a meritocracy & individual freedom.”
“Republicans are mostly, but not entirely, on the side of merit & freedom,” he added.
Mr Musk’s comments came days after the Democratic campaign for the presidential election was re-invigorated with Vice-President Kamala Harris stepping in for President Joe Biden.
The Wall Street Journal had reported on July 16 that Mr Musk planned to donate US$45 million monthly
The Tesla founder formally endorsed Trump’s candidacy for US president earlier in July, immediately after the Republican survived a shooting at a political rally in Butler, Pennsylvania.
Mr Musk is one of several major backers of the new fund, with others reportedly including Palantir co-founder Joe Lonsdale, former US ambassador to Canada Kelly Craft and cryptocurrency investors Tyler and Cameron Winklevoss. AFP
