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Reading: Musk donates to group working to elect Trump, Bloomberg experiences By Reuters
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Musk donates to group working to elect Trump, Bloomberg experiences By Reuters
The Tycoon Herald > Business > Musk donates to group working to elect Trump, Bloomberg experiences By Reuters
Business

Musk donates to group working to elect Trump, Bloomberg experiences By Reuters

Tycoon Herald
By Tycoon Herald 3 Min Read
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WASHINGTON (Reuters) -Billionaire Elon Musk, who has been ramping up criticism of U.S. President Joe Biden, has donated to a political group working to elect rival presidential candidate Donald Trump, Bloomberg reported on Friday, citing sources.

The report didn’t point out how a lot Musk donated however added it was “a sizable amount” given to a gaggle known as America PAC.

Bloomberg reported that the PAC – a gaggle that may obtain limitless contributions for political exercise – is subsequent required to reveal its record of donors on July 15.

In March, Trump, a former U.S. President who is anticipated to be formally nominated subsequent week because the Republican Social gathering’s candidate for the Nov. 5 election, met with Musk and different rich donors.

In response to experiences of the assembly, South Africa-born Musk posted on X: “Just to be super clear, I am not donating money to either candidate for US President.” In Might, he additionally denied media experiences that there had been talks over a possible advisory position for him in any Trump presidency.

Musk, the world’s richest one who runs electrical automobile maker Tesla (NASDAQ:), rocket maker SpaceX, social media firm X and different firms, didn’t reply to Reuters’ request for feedback.

Biden marketing campaign spokesman James Singer stated that Musk is aware of Trump is “a sucker who will sell America out, cutting his taxes while raising taxes on the middle class by $2,500.”

“Joe Biden has been standing up to people like Elon and fighting for the middle class his entire career — and it’s why he’ll win in November,” Singer stated in a press release.

Musk in recent times has extra totally embraced the Republican Social gathering, which has weighed on the fame and gross sales of Tesla, the most important supply of his wealth.

Trump final month reiterated his pledge to right away abandon the Biden administration’s “mandate” to assist the electrical automobile trade. However he added: “I’m a big fan of electric cars. I’m a fan of Elon.”

“He does an incredible job with Tesla.”

Musk stated that they had “some conversations” and Trump is a “huge fan of the Cybertrucks,” referring to Tesla’s electrical pickup vans.

Whereas he has publicly criticized Biden’s insurance policies on immigration and electrical automobiles and even his age, Musk has not made any formal endorsement in November’s contest and Trump has stated he didn’t know if he has Musk’s assist.

Musk donates to group working to elect Trump, Bloomberg experiences By Reuters

He has additionally endorsed antisemitic feedback on X, although Musk has denied being antisemitic.

Musk’s views have harm his standing amongst some customers, in line with a CivicScience survey proven completely to Reuters.

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