2024-10-16 17:55:10
Politics
Finance

Elon Musk's Major Financial Support for Trump's Campaign

Image courtesy of : AFP (JIM WATSON)

Elon Musk, the world's richest man, has significantly backed Donald Trump's presidential campaign with nearly $75 million through his America PAC. This financial support, recorded between July and September, places Musk as a leading donor in Trump's election bid against Kamala Harris. America PAC, founded by Musk, is actively mobilizing voters in crucial states such as Pennsylvania, offering $30 an hour for canvassing efforts.

Musk's support isn't purely ideological; it aligns with his business interests. His companies, SpaceX and Tesla, often face regulatory challenges in the US, and a Trump administration could offer Musk more leeway. Trump has promised Musk a governmental role aimed at reducing bureaucracy and cutting public sector jobs if he wins the election.

Musk's alliance with Trump marks a shift from his previously Democratic-leaning political stance. Their relationship has evolved from Musk's resignation from Trump's advisory councils in 2017 to a potential partnership in governmental reform. Musk's involvement includes public endorsements and participating in campaign events.

The financial landscape of the election is competitive, with Miriam Adelson donating even more than Musk, totaling $100 million to support Trump's campaign. Meanwhile, Kamala Harris's campaign has raised an impressive $633 million, reflecting heightened Democratic support.

The upcoming election is pivotal, with a narrow outcome expected. It will influence the future trajectory of US democracy and international policies. As the November 5 election approaches, Musk's contributions underscore the significant role of private funding in shaping political landscapes.

New York Times - U.S.
16. Oktober 2024 um 09:04

Big Money Flowed to Pro-Trump Groups in the Past Three Months

Politics
Finance
Economy
Elon Musk, Tesla CEO, donated $75M to his super PAC America PAC; Joint fund-raising committees for Trump and Harris, who won the Democratic nomination, accepted donations up to $1M, bypassing contribution limits; Filings with the Federal Election Commission revealed big-money flows to super PACs in Q3 2022 (July, August and September).
The Guardian
16. Oktober 2024 um 20:33

Elon Musk’s $75m puts him among largest Republican donors – US politics live

Politics
Finance
Elon Musk's $75 million donation to his pro-Trump group, America PAC, was a major factor; the group spent $72 million on voter turnout, and the Trump campaign relies on outside groups; Kamala Harris' 'big-dollar fundraising committee' raised $633 million, over a third more than Biden in 2020; Biden said Harris would 'take the country in her own direction' if she wins the 2024 election.
rp_online
16. Oktober 2024 um 08:52

Supporters of Donald Trump: Campaign – Elon Musk Donates Large Sum of Millions

Politics
Economy
Finance
Supporters of Donald Trump: Campaign – Elon Musk Donates Large Sum of Millions
Elon Musk, tech billionaire and CEO of Tesla, has donated around 75 million dollars to a political organization that supports the Republican presidential candidate over the course of three months. The majority of the money, 72 million dollars, went to the "America PAC", which focuses on mobilizing voters in contested states.
The Verge
16. Oktober 2024 um 15:10

Elon Musk is going to stump for Trump in Pennsylvania

Politics
Economy
Technology
Elon Musk, the Tesla CEO, will host a 'series of talks' in the battleground state of Pennsylvania, open to anyone who has voted and signed a petition circulated by his pro-Trump super PAC, which is giving $47 to each registered swing state voter who signs the petition. Musk, who has become obsessed with immigration and birth rates and often espouses the great replacement conspiracy theory, spoke at Trump's rally in Butler, Pennsylvania. Though the two men used to be at odds, with Trump saying..
CW

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