According to a new report, former president Donald Trump’s support for the November election is estimated to be worth$ 45 million to Tesla CEO and X-owner Elon Musk. The review comes soon after Musk fully supported Trump.
The multi-billionaire is planning to add about$ 45 million each month to America PAC, a novel super Pac established in June to raise voter registration, encourage early voting, and obtain mail-in votes in important swing states, according to an article in The Wall Street Journal.
In launching “get out the ballot” efforts and community initiatives in key swing state across the country, America PAC is hoping to counteract the Democratic Party’s standard revenue advantages over the Republican Party.
While The Wall Street Journal reported that Musk is donating to the super PAC, USA Today reported that the Tesla CEO did not appear to be a member of the political action committee’s donors in the filing from America PAC on Monday. However, the outlet noted that America PAC had already raised over$ 8 million.
Additionally, according to USA Today, Musk was the only Fortune 100 CEO to fully support a candidate for president of the United States as of Monday.
READ MORE: Elon Musk slams Biden, says he opened border to keep Democrats in power
According to The Post Millennial, other supporters of the political action committee include former U. S. Ambassador to Canada Kelly Craft, CEO of Alliance Resource Partners Joe Craft, investors Cameron and Tyler Winklevoss, and Palantir Technologies.
Following reports of Musk’s donation, President Joe Biden’s campaign issued a statement against the Tesla CEO.
” Arrogant billionaires only out for themselves are not what America wants or what America needs”, a Biden campaign spokesperson told , Bloomberg. Elon is aware that Trump is a sucker who will slash taxes while raising taxes on the middle class by$ 2,500.
Musk publicly endorsed the former president after the assassination attempt against Trump on Saturday. He posted a video of the incident. He tweeted,” I fully endorse President Trump and hope for his rapid recovery”.
In the three most recent election cycles, including Biden, Musk previously revealed that he voted for Democrats.
