Elon Musk Invested Over $250 Million to Support Donald Trump’s US Election Bid | US News
According to reports from Sky News’ US partner NBC News, Elon Musk invested over $250 million (£196 million) to aid Donald Trump’s campaign during this year’s US election.
A significant portion of this funding included a last-minute advertising surge from a super PAC that saw Mr. Musk contribute $20 million (£15.7 million) to assert that Mr. Trump did not endorse a federal abortion ban.
Previously, Mr. Trump had claimed credit for the Supreme Court’s decision to overturn Roe v. Wade.
This amount constituted only a small fraction of Mr. Musk’s overall financial support for the Trump campaign.
Additionally, he funded America PAC, a super PAC that reported expenditures of $238 million (£186.7 million) aimed at supporting the presidential candidate’s campaign.
The most recent campaign finance disclosures indicate that the billionaire donated $120 million (£94 million) in the concluding weeks of the election.
This funding was largely allocated towards canvassing, text outreach, and digital advertising efforts.
America PAC also conducted the contentious $1 million (£0.78 million) cash giveaway as a strategy to incentivize voters to support the group’s conservative initiative.
America PAC is among several prominent political action committees operating in the US.
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These organizations are permitted to raise and expend unlimited funds in support of political candidates, provided they do not coordinate with their campaigns or contribute direct funds to them.
Mr. Musk stands out as one of Mr. Trump’s top financial backers this election cycle, and his presence is frequently noted alongside Trump on the campaign trail and at Mar-a-Lago.
Mr. Trump has appointed him to provide counsel on government inefficiencies in a new position within his administration.
