❓WHAT HAPPENED: Elon Musk donated $15 million to Donald Trump’s Super PAC MAGA Inc. and other Republican congressional PACs.
👤WHO WAS INVOLVED: Elon Musk, Donald Trump, MAGA Inc., Congressional Leadership Fund, Senate Leadership Fund.
📍WHEN & WHERE: Donations were disclosed in Federal Election Commission filings published on Thursday, covering activity through June 2023.
🎯IMPACT: Musk’s donations make him the largest individual contributor to the congressional PACs and raise questions about his political intentions.
Tesla billionaire Elon Musk donated $15 million to Donald Trump’s Super PAC MAGA Inc., as well as to the Congressional Leadership Fund and the Senate Leadership Fund, according to Federal Election Commission filings published on Thursday. Both funds are aimed at supporting House and Senate Republicans.
Musk spent nearly $300 million to support Trump and Republicans in their election bids in 2024. He also publicly displayed support for Trump by wearing a “dark MAGA” black hat ahead of the president’s re-election bid. In November, Musk was appointed to head the Department of Government Efficiency (DOGE).
However, tensions between Musk and Trump emerged after Musk’s appointment. In June, the two exchanged insults on social media. Musk accused Trump of being in the Epstein files, while Trump responded by calling Musk a “big-time drug addict.” Although Musk later walked back some of his remarks, the relationship between the two remains strained.
Despite this, Musk has continued to make significant political contributions. On July 7, he announced the formation of his own political party, the America Party. Musk is the largest individual contributor to congressional PACs and has also contributed $45 million to America PAC, a super PAC he oversees.
The FEC filings released last week only cover Musk’s financial activity through the end of June, leaving open the possibility of additional contributions. Musk’s donations and political moves continue to draw attention and speculation about his broader political goals.
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