Stock market data from sources like Yahoo Finance, Bloomberg, or Google Finance

Elon Musk Endorses Trump with $180M Pledge, Sparking Political Reactions

Jul 20, 2024, 10:03 PM

Elon Musk has officially endorsed Donald Trump and is pledging $45 million per month, totaling $180 million, to a pro-Trump Super PAC. This substantial financial support has sparked significant reactions from both Trump and his political opponents. At a recent rally in Grand Rapids, Michigan, Trump praised Musk, calling him a genius and expressing admiration for his achievements with SpaceX rockets. Trump also emphasized his support for electric vehicles, stating that while he is all for electric cars, people should have the freedom to choose. This endorsement and financial backing from Musk, who was previously skeptical of Trump, has positioned Musk as a central figure in the upcoming presidential race. Meanwhile, President Joe Biden has expressed frustration with Musk's endorsement of Trump, highlighting the growing political divide. Additionally, fellow billionaire Mark Cuban has taken a stance against Musk's support, and Wall Street remains split on the potential impact of a second Trump term on Tesla.