Elon Musk Pledges $45M Monthly to America PAC, Denies Reports

Jul 16, 2024, 04:09 AM

Elon Musk has reportedly pledged to donate $45 million per month to a new super PAC, America PAC, aimed at supporting Donald Trump's 2024 presidential campaign. The super PAC has also received contributions from notable figures such as the Winklevoss twins and Palantir's Joe Lonsdale. This significant financial commitment, supported by Musk's allies, could total up to $180 million by the election and is intended to bolster Trump's campaign efforts, including voter registration, mail-in ballots, and early voting initiatives. However, Musk has denied these reports, calling them 'fake news.' Tesla shares have seen a slight increase in premarket trading following the news.