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 large quantity” given to a group referred to as America PAC.
Bloomberg reported that the PAC – a group that may obtain limitless contributions for political exercise – is subsequent required to disclose its record of donors on July 15.
In March, Trump, a former U.S. President who is predicted to be formally nominated subsequent week because the Republican Occasion’s candidate for the Nov. 5 election, met with Musk and different rich donors.
In response to reports of the assembly, South Africa-born Musk posted on X: “Simply to be tremendous clear, I’m not donating cash to both candidate for US President.” In Could, he additionally denied media reports that there had been talks over a possible advisory function for him in any Trump presidency.
Musk, the world’s richest one that 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 mentioned that Musk is aware of Trump is “a sucker who will promote America out, chopping his taxes whereas elevating taxes on the center class by $2,500.”
“Joe Biden has been standing up to individuals like Elon and preventing for the center class his complete profession — and it’s why he’ll win in November,” Singer mentioned in an announcement.
Musk in recent times has extra absolutely embraced the Republican Occasion, which has weighed on the popularity and gross sales of Tesla, the most important supply of his wealth.
Trump final month reiterated his pledge to instantly abandon the Biden administration’s “mandate” to assist the electrical car business. However he added: “I am a giant fan of electrical vehicles. I am a fan of Elon.”
“He does an unbelievable job with Tesla.”
Musk mentioned that they had “some conversations” and Trump is a “large 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 mentioned he didn’t know if he has Musk’s assist.
He has additionally endorsed antisemitic feedback on X, although Musk has denied being antisemitic.
Musk’s views have harm his standing amongst some shoppers, in accordance to a CivicScience survey proven completely to Reuters.
Musk donates to group working to elect Trump, Bloomberg reports By Reuters www.investing.com 2024-07-13 00:03:31
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