By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Trump reportedly is set to accept a jet from Qatar’s ruling family for possible use as Air Force One
    Trump reportedly is set to accept a jet from Qatar’s ruling family for possible use as Air Force One
    May 11, 2025
    US-China talks resume as Trump hails ‘total reset’ in trade relations
    US-China talks resume as Trump hails ‘total reset’ in trade relations
    May 11, 2025
    UK plans to end ‘failed experiment’ in immigration
    UK plans to end ‘failed experiment’ in immigration
    May 11, 2025
    Vladimir Putin’s offer of direct talks with Ukraine is the latest attempt to avoid committing to a 30-day ceasefire | World News
    Vladimir Putin’s offer of direct talks with Ukraine is the latest attempt to avoid committing to a 30-day ceasefire | World News
    May 11, 2025
    Putin proposes direct Russia-Ukraine talks in Istanbul on May 15 | Russia-Ukraine war News
    Putin proposes direct Russia-Ukraine talks in Istanbul on May 15 | Russia-Ukraine war News
    May 11, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Pepe price jumps 40% on Bitcoin rally
    Pepe price jumps 40% on Bitcoin rally
    May 12, 2025
    Crypto Weekly Roundup: Ethereum Pectra Upgrade Goes Live, Meta Mulls Stablecoins, & More
    Crypto Weekly Roundup: Ethereum Pectra Upgrade Goes Live, Meta Mulls Stablecoins, & More
    May 11, 2025
    Analyst Tips Ethereum To Rival Bitcoin In The Long Run
    Analyst Tips Ethereum To Rival Bitcoin In The Long Run
    May 11, 2025
    Bitcoin Price (BTC) News: 5K in Play
    Bitcoin Price (BTC) News: $105K in Play
    May 11, 2025
    Price analysis 3/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
    Price analysis 3/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
    May 11, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Elon Musk is donating $45 million monthly to Trump-supporting PAC 
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > Elon Musk is donating $45 million monthly to Trump-supporting PAC 
Elon Musk is donating  million monthly to Trump-supporting PAC 
Business

Elon Musk is donating $45 million monthly to Trump-supporting PAC 

Published July 16, 2024
Share
4 Min Read
SHARE

Tesla CEO Elon Musk donated $45 million to a super political action committee (PAC) dedicated to re-electing former President Donald Trump, a marked shift into the political landscape by the world’s richest person. That’s according to a Wall Street Journal report, citing people familiar with the matter.  

Only days before publicly endorsing the former president, Musk donated to the America PAC, a low-profile group formed in June to fund Trump’s bid for the presidency. He previously vowed not to donate to Biden or Trump in their rematch for the White House. 

“Just to be super clear, I am not donating money to either candidate for US President,” Musk wrote on X in March. 

Yet, Musk has shifted politically in recent months, accelerated by his nearly nonstop support for Trump, which Musk reiterated in the wake of an assassination attempt on the presumptive GOP nominee during a campaign rally Saturday. As the CEO of an electric vehicle manufacturer—the Tesla Model Y the best-selling vehicle last year in decidedly progressive California—it’s unclear whether Musk’s stance will clash with the political leanings of electric vehicle buyers. 

Beyond Musk, serious tech money is flowing into the PAC from Cameron Winklevoss and Tyler Winklevoss and Joe Lonsdale, Palantir Technologies cofounder, the WSJ reported. 

Political shift

Musk – who has donated to both Democrats and Republicans – previously described himself as an independent who donates only to extend his influence among politicians. 

He has donated about $80,639 per election cycle from 2004-2020, according to the nonprofit OpenSecrets. About 50.1% of that money went to Republican causes, of the $688,350 that went directly to federal candidates and party committees. 

“I get involved in politics as little as possible,” he said during a 2015 Vanity Fair event. “There’s some amount I have to get involved in, mostly because SpaceX has to battle Boeing and Lockheed for national security and civil space launch contracts. If we don’t battle them, then we’ll lose.”

Musk has said he previously voted for Democratic presidential candidate Hillary Clinton and current President Joe Biden but also endorsed Republican House candidates during the 2022 race. 

In recent years, Musk’s philosophy has clearly shifted away from neutrality towards a stronger right-wing stance. Some have marked his 2022 purchase of X – formerly Twitter – as the beginning of his political involvement, where he gave himself a platform to espouse his frequent critiques of Biden. 

“I voted 100% Dem until a few years ago,” Musk said in March. “Now I think we need a red wave or America is toast.” 

Recommended Newsletter: The Fortune Next to Lead newsletter is a must-read for the next generation of C-suite leaders. Every Monday, the newsletter provides the strategies, resources, and expert insight needed to claim the most coveted positions in business. Subscribe now.

#Elon #Musk #donating #million #monthly #Trumpsupporting #PAC

TAGGED:BYDCaliforniaDonald TrumpdonatingElectric vehiclesElonElon MuskJoe BidenMillionmonthlyMuskPACPresidential CampaignTeslaThe Biden administrationTrumpsupportingU.S. Presidential ElectionWarren Buffett
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article UBC cites privacy reasons, won’t comment further on professor’s Trump shooting post UBC cites privacy reasons, won’t comment further on professor’s Trump shooting post
Next Article House of the Dragon Director Breaks Down Alicent’s Big, Silent Moment of Horror House of the Dragon Director Breaks Down Alicent’s Big, Silent Moment of Horror
- Advertisement -

Latest Post

Pepe price jumps 40% on Bitcoin rally
Pepe price jumps 40% on Bitcoin rally
Cryptocurrency
Trump reportedly is set to accept a jet from Qatar’s ruling family for possible use as Air Force One
Trump reportedly is set to accept a jet from Qatar’s ruling family for possible use as Air Force One
World News
Crypto Weekly Roundup: Ethereum Pectra Upgrade Goes Live, Meta Mulls Stablecoins, & More
Crypto Weekly Roundup: Ethereum Pectra Upgrade Goes Live, Meta Mulls Stablecoins, & More
Cryptocurrency
Analyst Tips Ethereum To Rival Bitcoin In The Long Run
Analyst Tips Ethereum To Rival Bitcoin In The Long Run
Cryptocurrency
US-China talks resume as Trump hails ‘total reset’ in trade relations
US-China talks resume as Trump hails ‘total reset’ in trade relations
World News
UK plans to end ‘failed experiment’ in immigration
UK plans to end ‘failed experiment’ in immigration
World News
- Advertisement -

You Might Also Like

Worsening crisis at Evergrande, world’s most indebted developer
Business

Worsening crisis at Evergrande, world’s most indebted developer

January 29, 2024
Musk claims he will move X and SpaceX to Texas from California
Technology

Musk claims he will move X and SpaceX to Texas from California

July 17, 2024
Bloom Energy stock tumbles 5% as BofA downgrades to sell By Investing.com
Business

Bloom Energy stock tumbles 5% as BofA downgrades to sell By Investing.com

January 30, 2024
‘It’s not simple’: Researchers tweaked Facebook’s algorithms to see if they could fix America’s political polarization. They failed
Business

‘It’s not simple’: Researchers tweaked Facebook’s algorithms to see if they could fix America’s political polarization. They failed

July 28, 2023

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?