Elon Musk makes ‘sizeable’ donation to Donald Trump’s presidential campaign

Tesla CEO and X chairperson Elon Musk, a known critic of US President Joe Biden, has made a “sizeable” donation to a political group working to elect Republican Donald Trump to the White House, according to a Bloomberg report. While the exact amount donated is not known, sources said it was “sizeable”.

Musk, who had previously said he would not spend money on either Trump or Biden, has donated to a group called America PAC (political action committee). The PAC will disclose its list of donors on Monday (July 15).

The development has grabbed attention as Elon Musk, a South African immigrant to the US, donated to a candidate known for strict anti-immigration policies and views. The billionaire has, however, not publicly endorsed any candidate so far.

The donation from Musk comes at a time when Trump has overtaken Joe Biden in fundraising with backing from Wall Street and corporate donors, Bloomberg reported.

Biden’s own fundraising bid has tapered following a shaky presidential debate with Trump that has ignited his health concerns. Even Democrats have publicly asked Biden to drop his re-election bid.

Trump, who is expected to be officially nominated as the Republican Party’s candidate for the November 5 US polls, had a meeting with Musk and other donors in March.

Two months later, he denied media reports that suggested he might be roped in for an advisory role if Trump becomes president.

“Musk knows 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,” Reuters quoted Biden’s campaign spokesperson James Singer as saying.