Elon Musk has refuted rumors that he was contributing $45 million a month to a fund that supported Donald Trump’s most recent attempt to win the presidency.
Musk referred to the claim that he was contributing to a purported political Super-PAC as “ridiculous” in a post on X on Tuesday.
Super PACs are organizations created specifically with unrestricted funding for political candidates and issues.
“I am contributing to America PAC, but at a much reduced amount. The PAC’s core principles are individual freedom and meritocracy support.”Republicans support merit and freedom to a large extent, though not totally,” he continued.
Musk made his remarks a few days after Vice President Kamala Harris replaced Joe Biden in the democratic presidential campaign, reinvigorating it.
Although Musk had just said a few months prior that he would not support President Joe Biden or Donald Trump with his donations, the Wall Street Journal had revealed that Musk intends to give $45 million a month to America PAC.
Soon after the Republican candidate for US president, Donald Trump, escaped a shooting at a political rally in Butler, Pennsylvania, earlier this month, the founder of Tesla officially endorsed Trump’s bid.
Along with former US ambassador to Canada Kelly Craft, Palantir co-founder Joe Lonsdale, and cryptocurrency investors Tyler and Cameron Winklevoss, Musk is one of the fund’s primary sponsors.
