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Elon Musk has clarified that he has no plans to donate $45 million a month to a super PAC supporting former President Donald Trump’s reelection campaign. Earlier reports suggested he intended to provide “America PAC” with $45 million a month.
What Elon Musk said: During an interview with Jordan Peterson, Elon Musk addressed his reported commitments, stating, “What’s been reported in the media is simply not true.” Later, in a tweet, Musk clarified, “I am making some donations to America PAC, but at a much lower level. The key values of the PAC are supporting a meritocracy and individual freedom. Republicans are mostly, but not entirely, on the side of merit and freedom.”
What is a Super PAC: A Super PAC, or “independent expenditure-only committee,” can raise and spend unlimited amounts of money to influence elections, as long as it doesn’t coordinate directly with candidates or political parties. Super PACs can accept contributions from individuals, corporations, labor unions, and other groups. They primarily spend their funds on political advertising, such as TV ads, online campaigns, and mailers, to support or oppose specific candidates or issues. Unlike traditional PACs, Super PACs are not subject to the same contribution limits, allowing them to wield significant financial influence in political campaigns.
Potential advisory role: Unconfirmed reports suggest that Musk and Trump have discussed the possibility of Musk serving in an advisory role if Trump secures a second term in office.
A change of tune: Musk’s involvement in the 2024 election marks a significant change from his earlier promise to stay out of politics. His endorsement of Trump came about 30 minutes after an attempted assassination of the former president.
