Elon Musk denies report he will donate $45m a month to Trump Super Pac

Tesla CEO Elon Musk has rejected recent reports suggesting he was considering giving $45 million per month to a Super Pac that supports Trump's re-election.

This past Tuesday, Musk made an appearance on Jordan Peterson's show and refuted the allegation by stating, "That claim is just not accurate. I am not giving $45 million every month to Trump."

"I have just created a Pac or Super Pac, whatever you prefer to call it," he announced. This specific one is known as America Pac."

Super Pacs, also known as Political Action Committees, are separate political groups where supporters can donate as much money as they want, without any limits, unlike donations to individuals or non-Super Pacs which have restrictions.

Following the Peterson interview, Musk responded on X to a video from the interview with a simple "Yes", and to another tweet mentioning the rumors by saying, "Yes, it's absurd. I am providing some support to America PAC, but at a lower rate, and the main principles of the Pac are promoting a system where success is based on abilities and personal liberties. Republicans generally align with these values, though not entirely."

The rejection occurred shortly after Joe Biden dropped out of the race for president and endorsed his vice president Kamala Harris. Harris now has the necessary delegates to secure the Democratic nomination in August.

Additionally, the New York Times stated on Tuesday that the Super Pac was being operated by previous assistants from the presidential campaign of Florida Governor Ron DeSantis. The Times reported that the Super Pac has a sense of secrecy within the Trump circle, as other external groups are mostly unaware of its intentions.

However, the supporters, Generra Peck, who first led the DeSantis campaign, and Phil Cox, a previous leader of the Republican Governors Association, "could potentially give credibility to it within the Republican establishment as they strive to be one of the top organizations supporting Mr. Trump."

Musk stated on Peterson's show that his goal is to support the values that originally made America successful. He clarified that he doesn't align himself with the "Maga" slogan associated with Trump, but rather believes in making America even better.

Musk did not specify the amount he plans to donate to the Pac.

According to the Times, the America Pac has received support from Musk's acquaintances and supporters in the technology industry. This includes Joe Lonsdale, who co-established Palantir, a software company, with Peter Thiel. Thiel is a significant financial supporter of Trump's recent pick for vice president, JD Vance, a senator from Ohio.

The Winklevoss brothers, business leaders in the world of digital currency, have criticized Joe Biden for his strict regulations on cryptocurrency. According to the Wall Street Journal, they have even supported this criticism with financial contributions. In June, they praised Trump for his support of Bitcoin, cryptocurrency, and business.